Actors Launch Retire Big Oil Campaign, Urging SAG-Producers Pension Plan to Stop Investing Over $100M in Fossil Fuel Companies
Actors Launch Retire Big Oil Campaign, Urging SAG-Producers Pension Plan to Stop Investing Over $100M in Fossil Fuel Companies
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> While the Trump regime attacks the lives, livelihoods, and hard-earned savings of workers across the country, members of the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) union are publicly launching the Retire Big Oil campaign, an urgent call for the **$5 billion SAG-Producers Pension Plan to phase out coal, oil, and gas holdings.**
> The SAG-Producers Pension Plan has 65,000 participants and at least $100 million invested in fossil fuel companies. Today, 200+ actors – including **Jane Fonda, Rosario Dawson, Mark Ruffalo, Mark Hamill, and Don Cheadle** – sent a letter to the SAG-Producers Pension Plan Trustees with copies sent to the SAG-AFTRA union board.
> Financial analysis affirms that fossil fuels have underperformed over the last decade-plus, and face long-term headwinds. As investors on the longest-term horizons, it is within the SAG-Producers Pension Plan’s **fiduciary duty to divest from fossil fuels and reinvest in climate-safe solutions.**
> The Retire Big Oil campaign joins pension and retirement funds across North America as part of the Climate Safe Pensions Network. Over 1660 institutions representing more than **$40.76 trillion** in assets have committed to divest from fossil fuels, according to the Global Fossil Fuel Divestment Database. Over 200 public and private pension funds have committed to some level of fossil fuel divestment.