US EditionOregon treasury secretary opposes bill to pause PERS investments in private fossil fuel funds
- Oregon Senate Bill 681 aims to pause new pension investments in private funds connected to fossil fuels, garnering nearly 300 letters of support and over 30 letters of opposition, including one from the Oregon State Treasury.
- Treasurer Elizabeth Steiner opposes Senate Bill 681 and supports House Bill 2200, which doesn’t impose strict investment directives, according to her testimony submitted for the hearing.
- Rep. Mark Gamba criticized the Treasury's extensive investments in private funds, stating they often have no control over management decisions and that investments are not transparent to beneficiaries.
- A study indicated that the Treasury's asset values could decrease by nearly 40% by 2060 due to climate change effects, emphasizing the urgency of addressing fossil fuel investments.
9 Articles
9 Articles
Hundreds support pausing Oregon’s investment in private fossil fuel holdings, but Treasury opposed
Oregon Capital Chronicle is part of States Newsroom, a network of news bureaus supported by grants and a coalition of donors as a 501(c)(3) public charity. Oregon Capital Chronicle maintains editorial independence. Contact Editor Lynne Terry for questions: info@oregoncapitalchronicle.com. Follow Oregon Capital Chronicle on Facebook and X.A bill to get the Oregon State Treasury to pause new pension investments in private assets and equity funds t…
portlandtribune.com
Hundreds support pausing Oregon’s investment in private fossil fuel holdings but Treasury opposed
A bill to get the Oregon State Treasury to pause new pension investments in private assets and equity funds that are invested in fossil fuel companies received hundreds of letters of support this week, and one powerful letter of opposition.
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