As a retiree who relies on pension income from the Public Employees’ Retirement System, it pains me that the Oregon Treasury Department is using a large portion of my hard-earned retirement savings to fund fossil fuel projects. Much more property is being destroyed in Oregon than by climate change in the Treasury Department. Produce. We can do better.And in order to achieve better results, that is, to sell $6.6 billion Investments currently invested in fossil fuel companies are increasingly volatile, but the Treasury can stabilize and improve investment returns.
For our clean air, sparkling waters, diverse ecosystems, and all of our children, I am calling on the candidates running for State Treasurer, Oregon Investment Council member, and Oregon State Treasurer. We support Divest Oregon’s call to develop and support effective climate risk action plans. Which:
• Stop new investment in fossil fuels;
• Phasing out current fossil fuel investments while protecting profits.
• Use the Just Transition Framework to reduce climate risks to frontline communities.
• Require annual publication of a public list of all portfolio holdings.
Take every opportunity to urge our leaders, State Treasurer, Oregon Investment Council members, and State Treasurer candidates to phase out all fossil fuel investments by the Oregon Treasury Department by 2035. Ask for details about our commitment to a transparent and effective decarbonization plan.
Beth Genley, Forest Grove
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