It is wrong to wreck the climate, and it is wrong to profit from that wreckage.
The fossil fuel industry is singularly destructive and culpable in the climate crisis. It has an especially strong hold on our economy and government.
Our goal is to end new investment in fossil fuel companies and pressure or encourage institutions to divest, within five years, from direct ownership or any commingled funds that include fossil fuel public equities and corporate bonds.
The divestment/reinvestment team of 350PDX is part of international 350.org’s divestment campaign, and the world-wide divestment movement. Our goal is to be informed about global divestment efforts and use this information to persuade organizations, especially those that serve the public good—local governments, colleges and universities, foundations and other not-for-profit organizations—to drop fossil fuel investments from their portfolios.
How? By no longer investing in the 200 public companies holding the vast majority of listed coal, oil and gas (natural gas and propane) reserves, reserves they need to ‘keep in the ground’ if we are to have a livable climate for our children and grandchildren.
The demands we are making of these companies are clear because they reflect the stark truth of climate science. They need to:
· immediately stop exploring for new hydrocarbons.
· stop lobbying at federal and state levels to preserve their special breaks.
· keep 80% of the world´s current reserves underground forever!
We use various strategies in our divestment work: meeting with elected officials and boards of not-for-profit organizations; supporting college students and alumni who are organizing to encourage their schools to divest; circulating petitions requesting divestiture; acting to draw attention to divestment and to those who are resisting divestment; and publicizing divestment opportunities and decisions.
Multnomah County and the Metro have made a divestment commitment in response to our work with them. We have worked with The City of Portland, which put fossil fuel companies on its do-not-buy list, and with Oregon PERS members who want their pension investments divested.
To help you to align your own investments with your values, see how to personally divest.
We meet monthly. Scroll down for more information on the different areas of our work. Contact us to get involved.
Alternative Energy Investment
As we make a just transition to the fossil-free economy, our team is working on making sure the proposed rules for Oregon’s Community Solar will encourage the participation of a diversity of households and the installation of a sizeable number of solar panels.
We are also monitoring the Oregon Clean Power Cooperative which offers a way for Oregon residents to help put renewable energy projects on buildings or land owned by governments, schools and other not-for-profit organizations.
Our Divestment team is contacting local foundations to ask that they match their investing values with their granting values and divest from fossil fuels.
If you have a relationship with a foundation, please let us know; an introduction is crucial to our success with them. You can also Ask them to divest yourself! If you do so, please let us know.
Personal Divestment & Reinvestment
We gather information about how individuals can work with their personal financial advisers to divest their personal assets from fossil fuels and reinvest. Learn more here
Whether you’re a student, an alum, or on staff at one of Oregon’s institutions of higher learning, you can raise your voice to support divesting your school’s endowment of fossil fuel holdings. Don’t see your school on the list? Send us an email, and we’ll help you get started.