Oregon Faiths 4 Divestment

As people of faith, we share an obligation to care for one another and for the planet. EMO/OIPL has joined the Divest Oregon coaliton and is calling on the Oregon Treasury to divest from fossil-fuel investments. The divestment movement is strongest when grounded in moral truth and spiritual commitment, and we encourage you use your voice of faith to stand up for Oregon!

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:

Immediately: No NEW investments in fossil fuels since they pose a ...

As people of faith, we share an obligation to care for one another and for the planet. EMO/OIPL has joined the Divest Oregon coaliton and is calling on the Oregon Treasury to divest from fossil-fuel investments. The divestment movement is strongest when grounded in moral truth and spiritual commitment, and we encourage you use your voice of faith to stand up for Oregon!

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:

Immediately: No NEW investments in fossil fuels since they pose a financial, health, and climate risk to Oregonians.
Disclose Oregon Treasury fossil fuel holdings by November 2021 -- COP26 (2021 UN Climate Change Conference)
By 2026: Transparently phase out all CURRENT fossil fuel investments and move to climate-safe investments, using a social justice framework.

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, this means that aligning with the 1.5°C temperature target of the Paris Agreement means no new coal, oil or gas being extracted anywhere in the world; financial institutions must immediately halt all financing of fossil fuel expansion.

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Oregon Faiths for Climate Justice

Send a message to Treasurer Tobias Read, the Oregon Investment Council, and the PERS Director:

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Compose your email

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Subject:

Dear Treasurer Read, members of the Oregon Investment Council, and Director Olineck,

As an Oregonian of faith, I feel a moral obligation to advocate on behalf of the planet and am calling on you to act now to create a just and livable future for all Oregonians.

I am concerned about the ways in which public funds managed by the Oregon Treasury are being invested. The fossil fuel industry is a financially risky investment whose product harms the climate. I join with the Ecumenical Ministries of Oregon/Oregon Interfaith Power and Light and the Divest Oregon campaign to ask for the following:

- Immediately: No NEW investments in fossil fuels since they pose a financial, health, and climate risk to Oregonians, especially the most vulnerable
- Disclose the Oregon Treasury fossil fuel holdings by November 2021 -- COP26 (2021 UN Climate Conference) 
- By 2026: Transparently phase out all CURRENT fossil fuel investments and move to climate-safe investments, using a social justice framework

Thank you,

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