Much of the divestment focus in Oregon is on fossil fuels, with groups such as Divest Oregon and 350PDX pushing for it to combat climate change. InvestigateWest: Cleaner buildings will cost Oregon, Washington billions ”She finds it disappointing that Treasurer Read’s letter seems to affirm his support for the status quo.' supports pursuing strategies to divest Oregon’s public funds from fossil fuels,” her spokesman Danny Moran said in an email Friday.

Kotek, who is also a Democratic candidate for governor, was not impressed. “When we exit investments, we do so for performance reasons, not political or personal ones,” Read and four other members of the OIC wrote in their Oct. They said it’s up to the Legislature to change the laws and warned that lawmakers might need to dig into the state’s general funds to cover any losses from divesting. In a letter to House Speaker Tina Kotek and Senate President Peter Courtney, Read and fellow members of the Oregon Investment Council said they can't pursue divestment because state law specifies investments must “make the moneys as productive as possible.”

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