Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer and labor representatives debate House Bill 22100 goal to reduce carbon intensity in state's pension portfolio
Summary
Oregon Treasurer Elizabeth Steiner testified in support of House Bill 22100, saying a net‑zero by 2050 direction would protect pension beneficiaries by mitigating climate‑related financial risk; legislators and union representatives questioned legal, fiduciary and performance implications
The House Committee on Emergency Management, General Government, and Veterans heard testimony on Jan. 28 regarding House Bill 22100, which would direct the Oregon Investment Council and state treasurer to reduce the carbon intensity of the state’s investment portfolio.
Oregon Treasurer Elizabeth Steiner (testifying remotely) said Treasury’s primary duty is to protect the long‑term returns of the Oregon Public Employees Retirement Fund (OPERF) and argued reducing exposure to carbon‑intensive investments is part of fulfilling fiduciary duties. Steiner described OPERF’s exposure to fossil fuel investments…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
