The American Federation of Teachers-Oregon (AFT-Oregon) and the Oregon State Conference of the American Association of University Professors (AAUP-Oregon) announced their official endorsement of Divest Oregon. They join a diverse coalition representing workers, environmentalists, public sector employees, and people of faith, who are all urging the Oregon Treasury to disclose current fossil fuel holdings and… Read More »Major Statewide Unions Join Divest Oregon
Green investments are essential to protect Oregon’s future
The Oregon Treasury manages $130Billion in investments; $97B is in public employee pension funds. Oregon should be at the leading edge of climate-safe investments to support a sustainable future for us all.
The data just keeps accumulating. Fossil fuel investments continue to get a below-market return on investment and they will soon be stranded assets that no one wants to buy.
Fossil fuels cause climate chaos and deadly pollution. All too often pipelines and power plants harm our frontline communities and violate human rights.
Shifting Oregon Treasury holdings from risky fossil fuels to climate-safe investments increases our resiliency as a people and as a state and so we demand:
Immediately: No NEW investments in fossil fuels since they pose a financial, health, and climate risk to Oregonians.
Disclose Oregon Treasury fossil fuel holdings by November 2021 — the start of COP26 (2021 UN Climate Change Conference)
By 2026: Transparently phase out all CURRENT fossil fuel investments and move to climate-safe investments, using a social justice framework.
Article in inWashington Post, ABC News, and US News states,”Liberal Oregon resists dropping controversial investments”
“Oregon residents are increasingly pushing for the state to divest from fossil fuel companies and other controversial investments, but the state treasury is resisting and putting the onus on the Legislature.” said Andrew Selsky, AP Reporter in several news outlets such as the The Washington Post, ABC News, and US News on November 23, 2021.… Read More »Article in inWashington Post, ABC News, and US News states,”Liberal Oregon resists dropping controversial investments”
In this recent Guardian article, the case is clearly made of how workers unknowingly fund the climate crisis with their pensions: As fossil fuels become more volatile, pensioners may be exposed to greater risk unless their funds divest (The Guardian, 11/15). The Divest Oregon campaign has been attempting to make this case to Treasurer Read and the… Read More »How PERS members are unknowingly funding the climate crisis
This Guardian article (11/4/2021) cited a Nature Energy research publication saying, “In a worst-case scenario, people will keep investing in fossil fuels until suddenly the demand they expected does not materialise and they realise that what they own is worthless. Then we could see a financial crisis on the scale of 2008,” he said, warning… Read More »Half world’s fossil fuel assets could become worthless by 2036 in net zero transition
The Remarkable Credit Union podcast interviews Divest Oregon’s Communication Director, Andrew Bogrand, about the Divest Oregon Campaign. The interview notes state: Talk of how to engage Gen Z and Millenials is widespread in the credit union movement, but when it comes to climate change, many credit unions don’t seem to be speaking up. As we… Read More »Divestment and Climate Justice: An Untapped Opportunity for Credit Unions?
In the past few weeks, Treasurer Read and the Oregon Investment Council (OIC) have received over 500 emails and phone calls from Divest Oregon coalition members and friends. Many of the emails and phone calls came from PERS members. They have told the Treasurer and OIC that, “As an Oregonian, I am concerned about the… Read More »500+ emails were flying & phones were ringing off the hook!
It’s just been a few months and the Divest Oregon Coalition now boasts 60 coalition member organizations including unions with PERS members, faith communities, organizations representing BIPOC community members, youth, and climate activists. Oregonians from around the state – from the Rogue Valley to Bend and Newberg to Corvallis — have come together to demand… Read More »60 Organizations have joined the Divest Oregon Campaign Coalition
The Divest Oregon Communications Director, Andrew Bogrand, recently sat down for an interview with Coast Range Association’s Andrew Collins-Anderson on the Coast Range Radio podcast. “In addition to the need, the climate imperative to divest, there’s a real economic one as well, a real economic boost I think that could benefit a lot of Oregon’s… Read More »Interview with Divest Oregon Communications Director
Salem, OR, September 16 – Following a summer of record-shattering heat and extreme fires across Oregon, a statewide coalition is urging the Oregon Treasury to divest from risky fossil fuels and support a financially-sound, clean energy future. Press Contact: Andrew Bogrand, Communications Director (firstname.lastname@example.org) A growing coalition of thirty-five organizations in Oregon representing workers, environmentalists,… Read More »Press Release: New Divest Oregon Campaign Pushes State Treasury to Lead on Climate
Submitted for Public Comment, Oregon Investment Council Meeting on September 8, 2021 Thank you for the opportunity to submit public comment to the Oregon State Treasury (Treasury) and Oregon Investment Council (OIC). My name is Mike Powers. I am President of Service Employees International Union (SEIU) Local 503 in Oregon. As a labor union, we… Read More »SEIU Local 503 President Mike Powers’ statement to OIC 9/8/2021 Meeting
At their September 8, 2021 meeting, the Oregon Investment Council (OIC) noted our “voluminous” public statements submitted as part of the Divest Oregon Campaign launch. They read only one statement in full, did not mention all statements that were submitted, summarized others to their liking, and then ended the meeting 30 minutes early. Their token… Read More »“The Push is On!” – Divest Oregon Public Launch at September 2021 Oregon Investment Council Meeting
Treasurer Tobias Read had a powerful opinion piece in the Portland Tribune. In his piece, he said, “What we need now is bold leadership and honest conversations from state leaders, and decisions that prioritize long-term investments to save lives and protect property. Climate change deniers used to paint the consequences as no more likely than… Read More »State Treasurer Read: No denying it, climate change fight requires bold action
OPB Think Out Loud interview of Treasurer Tobias Read by Dave Miller titled: Will Oregon Divest from Fossil Fuels? The show intro stated, “The organization 350PDX recently held an event with Oregon’s State Treasurer, Tobias Read, to encourage him to divest the state’s pension fund dollars from fossil fuels. We talk with Read about what… Read More »OPB Think Out Loud interview of Treasurer Tobias Read
Over 40 Oregon organizations co-sponsored a Q&A with OR Treasurer Tobias Read in May 2021. See the 1 hour video of the event or read the transcript of Tobias Read’s statements. Treasurer Read’s supplied answers to questions posed in the May Q&A (August 2021) and our response.