Salem, OR — The Oregon Senate passed a bill today that would put Oregon at the front of the pack of states protecting the financial security of their residents. House Bill 2081, backed by Oregon State Treasurer Elizabeth Steiner, now heads to Governor Kotek’s desk for her signature. The bill protects the retirement savings of Oregon’s teachers, firefighters, police officers, and other dedicated public servants by ensuring their pensions are managed with common sense consideration of the known risks to investments posed by climate change.
“Every Oregonian deserves to know that their hard-earned retirement savings will be protected from risks like climate disasters. This legislation, championed by Treasurer Steiner, does just that,” said Kyle Herrig, Spokesperson for Unlocking America’s Future. “This bill safeguards the investments of teachers, firefighters, police officers, and public servants from costly risks, giving Oregon’s families the peace of mind that their retirement savings will be there when they need it. We urge the governor to swiftly sign it into law.”
Why Responsible Investing Matters for Oregon’s Economy:
- Lower Costs for Families: Responsible investments often prioritize long-term sustainability that reduces costs over time, from energy-efficient infrastructure to climate-resilient development.
- Increased Competitiveness: Many companies headquartered or operating in Oregon already incorporate responsible investing factors to remain competitive globally and attract investment capital.
- Job Creation: The transition to sustainable technologies creates new, high-paying jobs in renewable energy, water conservation, and other future-focused industries critical to Oregon’s growth.
- Risk Management: Considering environmental and social factors helps investors avoid costly risks, protecting retirement savings for public employees and state investments.
To speak with a business leader or UAF spokesperson about this legislation, please email us at press@unlockingamericasfuture.org.
