2024 Legislation
COAL ACT – HB 4083
The COAL Act is a bill to remove thermal coal from the State Treasury investment portfolio. HB 4083 directs the Oregon Investment Council and the State Treasurer to make efforts to eliminate certain investments in thermal coal companies.
HB4083
Relating to the removal of thermal coal from the State Treasury investment portfolio.
Directs the Oregon Investment Council and the State Treasurer to make efforts to eliminate certain investments in thermal coal companies. Provides that divestments must be accomplished without monetary loss to the investment funds. Provides that investments may be retained in a thermal coal company that is transitioning to clean energy.
Requires an annual report to the Legislative Assembly on actions taken pursuant to this Act.
Chief Sponsor(s): Representatives Pham K and Gamba, Senator Golden, Representatives Andersen, Dexter, Nguyen H, Nosse, Tran; Senators Campos, Dembrow, Gorsek.
Regular Sponsor(s): Representative Bowman, Bynum, Chaichi, Fahey, Grayber, Hartman, Holvey, Hudson, Kropf, Lively, Marsh, McLain, Nelson, Pham H, Reynolds, Ruiz, Sosa, Valderrama, Walters, Senator Jama, Meek, Patterson, Sollman, (Presession filed.)
Advocates: