Relating to “Oregon has $5.3 billion invested in fossil gas firms, environmental coalition says” (April 20): My husband and I lately divested our financial savings from fossil fuels, for 2 causes. First, within the wake of the devastating fires and droughts we’ve skilled in Oregon, we wished to ensure our financial savings will not be fueling local weather change. Second, we wished to ensure the life financial savings we labored so onerous to place by are invested properly. There is no such thing as a denying now that local weather change is actual and an existential risk to life on Earth. Clearly, we must abandon fossil fuels to outlive. That makes investing in them dangerous.
Divest Oregon’s new report, “Dangerous enterprise: Oregon Treasury’s fossil gas froblem,” exhibits that the Oregon Treasury has invested no less than $5.3 billion of public funds in fossil fuels. Most of these investments are of PERS funds. As a PERS member, I need to know that our retirement funds are invested in a livable future in Oregon and that they’ll proceed to be worthwhile in a world shifting away from damaging sources of vitality.
Carole Romm, Portland