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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:
Why do we ask the Treasury to divest?
The funds of PERS and the Oregon Treasury are at risk. Those funds should be put into climate-safe investments that increase our resiliency as a people and as a state.
It has been clear for years that institutions need to protect the returns of their pensions by divesting from fossil fuels. The data just keeps accumulating, and retirement funds continue to get a return on their fossil fuel investments that is below the market. Meanwhile, the fossil fuel industry is a dying industry and investments in that sector will be evermore difficult to sell.
The urgency of the climate crisis demands that we act now. Only rapid and drastic reductions in greenhouse gases can prevent widespread devastation and extreme weather, and time is running out. A 2021 report from the International Energy Agency (IEA) issues a rock-solid conclusion: There can be no new fossil fuels in a net-zero by 2050 pathway.
Simply stated, financial institutions must immediately halt all financing of fossil fuel expansion and phase out all fossil fuel holdings.
Along with your email, will you call the Oregon Treasury to make your voice loud and clear?
Treasurer Tobias Read: 503-378-4329
Treasury Main Office: 503-378-4000
Treasury Tigard Office: 503-431-7900
Sample speaking points:
Hello. Thank you for taking my call. This is [your name] from [location in Oregon.]
I’m concerned about how the Oregon Treasury is investing our funds. I am a [PERS member, Oregonian, union member, etc.]. The funds of PERS and the Oregon Treasury are at risk. Those funds should be put into climate-safe investments that increase our resiliency as a people and as a state.
Treasury needs to act: 1) No NEW investments in fossil fuels should be made since they pose a financial, health, and climate risk to Oregonians. 2) Disclose Oregon Treasury fossil fuel holdings, and 3) phase out all CURRENT fossil fuel investments and move to climate-safe investments using a social justice framework. I will be watching to see how the Treasury responds to these requests.
Thank you for your work to make the Oregon Treasury climate safe. Again, this is [your name] from [location in Oregon] and I can be reached at [email and/or phone] for a response.
Along with your email, will you call the Oregon Treasury to make your voice loud and clear?
Treasurer Tobias Read: 503-378-4329
Treasury Main Office: 503-378-4000
Treasury Tigard Office: 503-431-7900
Sample speaking points:
Hello. Thank you for taking my call. This is [your name] from [location in Oregon.]
I’m concerned about how the Oregon Treasury is investing our funds. I am a [PERS member, Oregonian, union member, etc.]. The funds of PERS and the Oregon Treasury are at risk. Those funds should be put into climate-safe investments that increase our resiliency as a people and as a state.
Treasury needs to act: 1) No NEW investments in fossil fuels should be made since they pose a financial, health, and climate risk to Oregonians. 2) Disclose Oregon Treasury fossil fuel holdings, and 3) phase out all CURRENT fossil fuel investments and move to climate-safe investments using a social justice framework. I will be watching to see how the Treasury responds to these requests.
Thank you for your work to make the Oregon Treasury climate safe. Again, this is [your name] from [location in Oregon] and I can be reached at [email and/or phone] for a response.
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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:
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