Thread by @mle_goldman

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:

https://twitter.com/mle_goldman/status/1153120024573276160?s=20

-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)

https://twitter.com/mle_goldman/status/1157384286317764608?s=20

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:

https://twitter.com/mle_goldman/status/1056999982056833026?s=20

https://twitter.com/mle_goldman/status/1056999983763873793?s=20

Oregon PERS members can direct their thoughts on this to:

the Oregon Investment Council:
[e-mail]
[e-mail]
[e-mail]
[e-mail]

@TreasurerRead @TobiasRead: [e-mail] or [phone]