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Tobias Read is Oregon's new treasurer.

Oregon’s treasurer wants $90B pension fund to drop fossil fuels

Oregon State Treasurer Tobias Read wants the state to stop investing in companies that contribute to global warming, divesting the state's pension fund from all fossil fuels and other carbon-producing companies by 2050. Read said the state’s pension fund would be able to do this while still protecting people’s retirement accounts and maximizing financial returns. The Oregon Public Employees Retirement Fund serves about 160,000 people and is currently valued at about 90 billion dollars.






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