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The Oregon Treasury has a fiduciary responsibility to protect all of Oregon's investments for the long term, including those in public employee retirement funds such as PERS. The current Treasury investment strategy leaves investments critically vulnerable to fossil fuel related climate risk. The Oregon Treasury invests at least $1 billion in coal, a fossil fuel contributing to climate change and damaging public health. The time to act is now.
Shifting Oregon Treasury holdings from underperforming coal to climate-safe investments protects PERS recipients, Oregon's valuable natural resources, and our collective future. HB 4083: The Clean Oregon Assets Legislation (COAL) Act, instructs the Treasury to remove coal from its portfolio while maintaining its fiduciary duty. The COAL Act directs the Treasury to:
Why a bill to tell the Treasury to exit from coal investments?
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.
California began removing coal from its portfolio in 2017. Since then, it has consistently estimated a positive financial impact due to the removal of coal. The Treasury’s public equity holdings in coal companies have underperformed in comparison to fossil fuel free indices over the past decade.
Simply stated, our financial institutions must halt financing of fossil fuel expansion and phase out all fossil fuel holdings. We can begin this process in Oregon by moving our investments away from coal.
Use this tool to contact your Senator and urge them to support this important bill this legislative session.
The Oregon Treasury has a fiduciary responsibility to protect all of Oregon's investments for the long term, including those in public employee retirement funds such as PERS. The current Treasury investment strategy leaves investments critically vulnerable to fossil fuel related climate risk. The Oregon Treasury invests at least $1 billion in coal, a fossil fuel contributing to climate change and damaging public health. The time to act is now.
Shifting Oregon Treasury holdings from underperforming coal to climate-safe investments protects PERS recipients, Oregon's valuable natural resources, and our collective future. HB 4083: The Clean Oregon Assets Legislation (COAL) Act, instructs the Treasury to remove coal from its portfolio while maintaining its fiduciary duty. The COAL Act directs the Treasury to:
Why a bill to tell the Treasury to exit from coal investments?
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.
California began removing coal from its portfolio in 2017. Since then, it has consistently estimated a positive financial impact due to the removal of coal. The Treasury’s public equity holdings in coal companies have underperformed in comparison to fossil fuel free indices over the past decade.
Simply stated, our financial institutions must halt financing of fossil fuel expansion and phase out all fossil fuel holdings. We can begin this process in Oregon by moving our investments away from coal.
Use this tool to contact your Representative and Senator and urge them to support this important bill this legislative session.
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