Oregon Aims for Net Zero Emissions in Public Employees Retirement Fund by 2050
Oregon aims to achieve net zero emissions in its public employees retirement fund by 2050, following a proposal from former state Treasurer Tobias Read. The Climate Resilience Investment Act, signed by Gov. Tina Kotek, directs the Oregon Treasury to prioritize clean energy investments while reducing fossil fuel holdings in the $100 billion fund. A recent report indicates a significant reduction in investment climate intensity and plans for $2.4 billion in renewable energy and related sectors by mid-2025.
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In 2024, former Oregon state Treasurer Tobias Read proposed achieving net zero emissions for the state's public employees retirement fund by 2050. The Climate Resilience Investment Act, signed by Gov. Tina Kotek, mandates the Oregon Treasury to seek profitable clean energy investments and reduce fossil fuel holdings in the $100 billion fund. A recent Oregon State Treasury report indicates a 50% decrease in investment climate intensity from 2022 to 2023, with investments in renewable energy, EV charging, carbon credits, and battery materials rising to $2.4 billion by June 30, 2025.
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