SALEM, Ore. (AP) — The Oregon State Treasury has at least $5.3 billion invested in fossil fuel companies, a coalition of environmental groups says in a new report that blames the state for adding to global warming and urged divestment.
Oregon is considered a “green” state, through its goal of reducing greenhouse gas emissions by state agencies and being the first state to commit to stop using coal-fired power.
Yet the state treasury is working at cross-purposes with over $1 billion invested in the coal industry alone.
The report by Divest Oregon is based on a public records request with the treasury, which did not immediately comment.
