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Thursday, November 13, 2025

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James Comey and Letitia James press for dismissal of their cases, challenge prosecutor's appointment; Farm Bill extended but questions for smaller SD farms persist; NM's pollinators encounter politics at U.S.-Mexico border wall; New data show evictions remain widespread in Kentucky; NC Angel Tree program supports kids in need for Christmas.

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The federal government reopens after a lengthy shutdown. Questions linger on the Farm Bill extension and funding and lawmakers explain support for keeping the shutdown going.

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A voting shift by Virginia's rural Republicans helped Democrats win the November governor's race; Louisiana is adopting new projects to help rural residents adapt to climate change and as Thanksgiving approaches, Indiana is responding to more bird flu.

New bill would pause Oregon state retirement fund's fossil fuel investments

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Tuesday, January 14, 2025   

A new bill aims to further reduce investments in fossil fuels by Oregon's Public Employee Retirement System.

The Pause Act would impose a five-year ban on new investments by the system in private fossil-fuel funds. Supporters believe this move will help lower emissions and keep wealth in Oregon communities.

Andrew Bogrand, volunteer communications director for the advocacy group Divest Oregon, helped draft the bill. The group found the system's fossil fuel investments have underperformed the market by $4 billion to $10 billion over the past decade.

"Private equity has taken advantage, in our view, of public pensions, and this would allow Treasury staff the time and space they need to kind of course correct," Bogrand explained.

Last year, former treasurer Tobias Read, now Secretary of State, introduced a plan to reduce the system's investments in fossil fuels by 60% by 2035, aiming for net-zero emissions by 2050. Bogrand noted the Pause Act aligns with that plan.

Oregon's Public Employee Retirement System covers pensions for more than 415,000 public employees across schools, local governments and 900 agencies. Divest Oregon said 60% of the system's funds are private investments, which is almost double the average U.S. pension fund.

Elizabeth Steiner, Oregon's newly-sworn in treasurer, manages the system's investments, totaling more than $100 billion. Steiner said moving away from fossil fuels is not just about reducing emissions, it is smart financially.

"The data are really clear that carbon-intensive investments are a risky proposition at this point," Steiner observed. "At some point in the not too distant future, they will not be profitable."

Steiner added it is too soon to say if she can support the Pause Act, but she is having productive conversations with Divest Oregon.


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