Our team follows the money, working as part of the national coalition StopTheMoneyPipeline (STMP). We call on financial institutions, insurance companies, and the government to divest from the fossil fuel industry. Most of the 350PDX Defund/Divest Team is working to Divest Oregon: Reinvest in a Fossil-Free Future, a statewide coalition we founded – now nearly 100 organizations and hundreds of individual members strong! Divest Oregon’s latest news is that we are working with legislators, unions (OEA, SEIU, AFT and others) and a broad group of stakeholders to craft divestment legislation for the 2023 session — and we have submitted the Legislative Concept (first step in the legislative process)!
Since we released Risky Business: Oregon Treasury’s Fossil Fuel Problem, which is a good source of info about Divest Oregon’s work, we have realized that the Oregon State Treasury has invested over half of the PERS fund in private, and secret, funds. We have managed to obtain the Climate Risk Assessment commissioned by the Treasury in 2021 and, even in the heavily redacted version we received, it is clear that action needs to be taken to address climate degradation and the shift in the energy sector. We are continuing public pressure on the Treasury and developing litigation as well as legislation. If you want to be engaged in Divest Oregon, or receive Divest Oregon action and meeting announcements, join the coalition’s mailing list.
GET CONNECTED: There are no monthly meetings of the 350PDX Defund/Divest Team at this time. But the team is still active! The Defund/Divest Team is engaged in multiple efforts to divest local educational institutions. Reach out to Jenifer (email@example.com) for a conversation about our team and to receive our weekly Defund/Divest team email. Click here to join the Divest Oregon team!