U.S. Pension Funds Are Financing the Russian War Machine

protestors with signs saying stop putin, stop war

Over $800 million USD of U.S public pension funds are still invested in the top five Russian oil and gas companies, despite the international outcry against Vladimir Putin’s invasion of Ukraine. The pensions include the retirement plans for California state employees and teachers, state investments from Washington, Alaska, and New Jersey, as well as public employee retirement plans for Massachusetts, among others.

Since Putin began his fossil fuel-funded invasion, many government and corporate actors have begun to sever relationships with Russian oil and gas majors — including Norway, and even fossil fuel giants like BP, and Exxon – but billions of dollars remain invested in Russia’s oil and gas majors like Rosneft and Gazprom.

To: Pension funds invested in Russian Oil and Gas Click to see full petition text

By investing in fossil fuel companies like Rosneft and Gazprom, pension funds are complicit in oil and gas fueled global conflict, vulnerability, and instability. Public pension funds are meant to be the longest-term investors, and these institutions have an obligation to use their power to pressure Russia to end this conflict. We demand that pension funds divest from Russian oil and gas immediately, and pressure Russia to end this war.

TELL PENSION FUNDS TO DIVEST FROM RUSSIAN OIL AND GAS

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