Pushes for a “carbon-free” investment fund by 2050.
Directs the Oregon Investment Council and the State Treasurer to take certain actions to reduce the carbon intensity of state investments and address certain investment risks relating to climate change. Directs the State Treasurer to report on the carbon intensity of certain investments. Allocates $XX to do added investigations on investments
Prioritizes Environmental, Social, and Governance (ESG) type investing over financial returns. Investing such as this focuses on factors like carbon intensity, employee diversity, and political donations—none of which are directly tied to the fiduciary responsibility of maximizing returns for taxpayers and pensioners.
This applies to all state investments. As President Trump’s priorities are put in place, ESG investments will have less and less value put more and more burden on Oregon taxpayers that will translate into every individual’s worth.
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