Oregon could be on brink of decarbonizing state investments

After years of pressure from climate activists and others, Oregon Treasurer Tobias Read has put forth a plan to divest state investments from fossil fuel interests. He presented a plan to reduce greenhouse gas emission impacts of pension funds to net zero by 2050 to the Oregon Investment Council this week. The plan includes a target of an interim 60% reduction by 2035. Oregon and other states have faced challenges to make significant changes while also fulfilling the mandated mission to maximize retirement investments for pensioners. Currently, the Oregon Public Employees Retirement Fund serves more than 405,000 people and is worth more than $90 billion. Read joins us to share more about the details of the plan.