Updates

Press Inquiries


  • Major Statewide Unions Join Divest Oregon
    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 divest from the fossil fuel sector. Together, AFT-Oregon and AAUP-Oregon represent over 20,000 workers across the state, including thousands of PERS members.  AFT-Oregon leadership offered this statement on the Divest Oregon campaign: “As a union we are doing what we can to reduce fossil fuel… Read More »Major Statewide Unions Join Divest Oregon
  • 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. “Even as some cities and other states such as New York have begun divesting, Oregon, a predominantly liberal state, clings to the status quo. The disparate approaches underscore that managers of public funds are often torn between ethical considerations, legal imperatives and obligations to beneficiaries.” As the… Read More »Article in inWashington Post, ABC News, and US News states,”Liberal Oregon resists dropping controversial investments”
  • How PERS members are unknowingly funding the climate crisis
    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 OIC. Join us and make your voice heard in this action before the December 2021 Oregon Investment Council (OIC) meeting.
  • Half world’s fossil fuel assets could become worthless by 2036 in net zero transition
    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 oil capitals such as Houston could suffer the same fate as Detroit after the decline of the US car industry unless the transition is carefully managed.” The Divest Oregon coalition has sent this article on to Treasurer Tobias Read and the Oregon Investment Council reminding them that… Read More »Half world’s fossil fuel assets could become worthless by 2036 in net zero transition
  • Divestment and Climate Justice: An Untapped Opportunity for Credit Unions?
    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 hear more and more about divestment from big banks as a strategy for pursuing climate justice, it seems that credit unions could be capitalizing on a significant opportunity. Andrew Bogrand, Communications Director for Divest Oregon, believes that our collective future hinges on stakeholders, not shareholders. Given… Read More »Divestment and Climate Justice: An Untapped Opportunity for Credit Unions?
  • 500+ emails were flying & phones were ringing off the hook!
    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 ways in which public funds managed by the Oregon Treasury are being invested. The fossil fuel industry is a financially risky investment whose product harms the climate.” They have sent our demands: – Immediately: No NEW investments in fossil fuels since they pose a financial,… Read More »500+ emails were flying & phones were ringing off the hook!
  • 60 Organizations have joined the Divest Oregon Campaign Coalition
    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 that the Oregon State Treasury respond to the asks of the Divest Oregon Campaign. Organizations are jumping on the bandwagon daily, to a warm welcome! Check out this current list of coalition member organizations. Individuals have also been joining the coalition. They are raising their… Read More »60 Organizations have joined the Divest Oregon Campaign Coalition
  • Interview with Divest Oregon Communications Director
    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 rural economies. — Too often we see public money go to oil companies that doesn’t go to the workers, it goes to pad corporate profits.” Another great quote, “”We can lead the US on this issue – it could be a great moment for the state!”… Read More »Interview with Divest Oregon Communications Director
  • Press Release: New Divest Oregon Campaign Pushes State Treasury to Lead on Climate
    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 (abogrand@divestoregon.org) A growing coalition of thirty-five organizations in Oregon representing workers, environmentalists, public sector employees, and people of faith launched the Divest Oregon: Reinvest in a Fossil-Free Future campaign urging the Oregon Treasury to end all new investments in the fossil fuel industry, disclose current fossil fuel holdings, and phase out all current investments by 2026.  “This… Read More »Press Release: New Divest Oregon Campaign Pushes State Treasury to Lead on Climate
  • SEIU Local 503 President Mike Powers’ statement to OIC 9/8/2021 Meeting
    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 represent around 72,000 workers in our state. Our essential workers serve as wildland firefighters, adult and childcare providers, food safety inspectors, water quality protectors, janitorial staff, adult and child social service specialists, health care professionals, and more. I wish to thank Oregon Treasurer Tobias Read… Read More »SEIU Local 503 President Mike Powers’ statement to OIC 9/8/2021 Meeting
  • “The Push is On!” – Divest Oregon Public Launch at September 2021 Oregon Investment Council 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 acknowledgment of the submissions, and their comments below, indicate they are aware and concerned about our Divest Oregon campaign. Success! The OIC members and Treasurer are now formally aware of the Divest Oregon demands noted in Patty Hine and Deb McGee’s testimonies. While Treasurer Read… Read More »“The Push is On!” – Divest Oregon Public Launch at September 2021 Oregon Investment Council Meeting
  • State Treasurer Read: No denying it, climate change fight requires bold action
    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 a sci-fi movie set in the distant future. Now, Oregonians can see with their own eyes that climate change is here to stay, and that we must mobilize to stop it from doing further damage to the state that we love.” Tobias Read, Portland Tribune,… Read More »State Treasurer Read: No denying it, climate change fight requires bold action
  • OPB Think Out Loud interview of Treasurer Tobias Read
    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 it would take for the state to do that.”
  • Q&A with Oregon 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.