Oregon's Wheeler: Consider climate change in state investments

Oregon Treasurer Ted Wheeler wants the state to consider whether investments take climate change factors into account.
Cathy Cheney | Portland Business Journal

Oregon Treasurer Ted Wheeler wants the state to consider whether investments take climate change factors into account.

Oregon's treasurer was one of 22 financial bodies that this week called for American policymakers to consider climate change factors when making investments.

Ted Wheeler joined the California State Teachers Retirement System and 20 other groups that represent about $240 billion in assets under management in signing the Climate Declaration. The declaration deems that addressing climate change "is one of America’s greatest economic opportunities of the 21st century."

Intel Corp. and Nike Inc. are among the corporations that back the declaration.

“Being smarter when it comes to climate change is the right thing to do for all of our families, and it also will translate into economic and investment opportunities,” said Wheeler in a release. “I am proud to stand with Oregon’s largest employers and premier ski destinations to recognize that a cleaner future will also be a more profitable one.”

The announcement coincides with the start of the first Global Investor Forum on Climate Change, , sponsored by the Ceres group.

Oregon's State Treasury manages an $82.4 billion portfolio.

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