Permanent Fund Divestment Campaign Update!

AK CAN! Divestment Campaign partners gave powerful public testimony to the Permanent Fund Board Trustee in Juneau yesterday.

As Kevin Gullufsenreportsfrom the Juneau Empire:

Therequest, made at the APFC Board of Trustees meeting was couched in financial terms: “the Fund’s investments in fossil fuels are a bad bet, they say, and Alaskan’s annual PFD checks might be fatter if the Corporation took those investments off the books”


In response to our powerful testimony on Wednesday, as we understand it, the APFC Board Chair directed the Executive Director as follows:

“at the next meeting bring the whole board up to speed on fossil fuels”
Says Rick Steiner, who started this campaign 25 years ago:

"This is an exceptional, historic statement, for the Chair of the Alaska Permanent Fund to make!  Up to speed, indeed! The testimony to the Board from our 5 Juneau colleagues was straight talk, persuasive, incontrovertible.  Fossil divestment is a financial decision they m…

Alaska Permanent Fund Considers Fossil Fuel Divestment

In a historic move, the Alaska Permanent Fund Corporation (APFC) Board of Trustees directed its staff to prepare an Environmental and Social Governance (ESG) Investment session for a future Board meeting.

The move comes in response to public testimony from former University of Alaska faculty Richard Steiner, who has long advocated for Fund divestment, and Ceal Smith, founder of the Alaska Climate Action Network (AK CAN!), speaking on behalf of the newly formed Coordinated Climate Action Work Group, a statewide grassroots coalition working to advance action on climate change.

Smith presented the petition (now signed by more than 300 Alaskan community leaders from every corner of the state), asking APFC to divest the Fund of its $5 billion in fossil fuel holdings.  The Coalition will continue to gather petition signatures and press Trustees until the Fund is fully divested. 

In addition to asking for divestment from fossil fuels, petitioners asked the Board to order an independent as…

Alaska Permanent Fund Trustees: It's time to divest from dirty fossil fuels!

Alaskans have been calling for divestment of the Permanent Fund from fossil fuels for more than 25 years.  Fund managers have rejected citizen appeals on the grounds that the Fund is strictly mandated to maximize return on investment. 

Explosive growth in renewable energy, volatile but downward trending oil and natural gas prices and Paris Accord commitments are strong indicators that the era of fossil energy is coming to a close; investing in fossil fuels is increasingly high risk and already costing Alaskan’s millions in lost Fund revenue annually. 

The world’s largest sovereign wealth fund - the $1 trillion Norway Fund – is currently exploring divestment of its $37 billion oil and gas holdings, based “exclusively on financial arguments”.  The Bank of France and other major financial institutions are doing the same.  It’s time for Alaska to follow suit.

Tell Alaska’s Permanent Fund Corporation managers it’s time to divest Alaska’s Permanent Fund from high-risk fossil fuel investm…

"Governor Walker: take action on Climate Crisis! Alaska groups Call on Walker to Join Bonn Pledge to Stem Carbon

Dear Governor Walker and Lt. Governor Mallott,

We are a working group of concerned Alaskans who have come together to advance climate justice, clean energy, and the retooling of our economy for the betterment of all Alaskans and the biosphere that supports us. Collectively, we represent communities all across the state, from the North Slope,  Southcentral, to Southeast and many points between.

We are encouraged by your recent appointment of Dr. Nikoosh Carlo as your Senior Climate Advisor and announcement of the Climate Action for Alaska Leadership Team. These are important steps in the right direction of addressing climate change in our state.

In a recent press release, you acknowledged that Alaska is "ground-zero for climate change”.  We are grateful that you understand the profound impacts ever-increasing levels of carbon dioxide in our atmosphere has on our people, economy, human-health, salmon and other wildlife, and the very survival of thousands of our residents…

Climate Change 101: a panel discussion moderated by Fran Ulmer

A timely special event at “Crossroads: There is No Planet B”, an art installation at Side Street Espresso, 412 G Street, Anchorage, AK.

Thursday, August 24th from 5:00p-7:00p

Distinguished Alaskan Fran Ulmer has played many roles in service to the people of Alaska—from Lieutenant Governor to Mayor of Juneau to Chancellor of UAA.   Ulmer has had global influence on issues relating to the Arctic and recently stepped down as the Chair of the US Arctic Research Commission.

Panel Members:

Ilarion Merculieff

Merculieff had a traditional upbringing and a Western education, earning a BA from the University of Washington.  He has served as Chair of the Indigenous Knowledge Sessions of the Global Summit of Indigenous Peoples on Climate Change.  He has also served as co-founder of the Indigenous Peoples Council for Marine Mammals, the Alaska Forum for the Environment, the International Bering Sea Forum, and the Alaska Oceans Network.  Merculieff is currently the President of the Global Center fo…