, 9 tweets, 4 min read Read on Twitter
It's been more than a year since I began working quietly behind the scenes with the Oregon Treasury Department to address the Oregon state pension's investments in #MigrantAbuseCos like CoreCivic & GEO Group. @Edu4MigrJustice @BadassTeachersA @OregonBATs @Indivisible_OR
In that time, they've:
-responded to a members' public records request with a statement that staff admitted was "demonstrably false"
-insisted they have policies on responsible investing which they haven't provided despite multiple requests (and that can't be found online)
In that time they've (con't):
-argued their passive investing strategy prohibits them from divesting - thread on why that's bs:
-tried 2 justify the pt above by claiming there's no way CalSTRS removed CoreCivic & GEO Group from their index (hint: THEY DID)
In that time they've (con't):
-admitted they actually did a financial analysis that found divestment would have a "de minimis" impact on their portfolio, yet other staff wouldn't confirm
-insisted that engagement w/ CoreCivic & GEO was leading to positive changes (thread below)
In that time they've (con't):
-claimed that the standard of fiduciary duty I quoted was different than what's been codified in Oregon law (HINT: I quoted the exact standard that applies)
Now, for a reminder of why the timing of their investments raises serious concerns:
Oregon PERS members can direct their thoughts on this to:

the Oregon Investment Council:
Rex.Kim@ost.state.or.us
Rukaiyah.Adams@ost.state.or.us
John.Russell@ost.state.or.us
Patricia.Moss@ost.state.or.us

@TreasurerRead @TobiasRead: Tobias.Read@ost.state.or.us or (503) 378-4329
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