HB4083: Relating to the removal of thermal coal from the State Treasury investment portfolio.

Legislative Summary

The Act tells the State Treasurer to stop investing moneys in companies that deal in thermal coal. (Flesch Readability Score: 65.1). 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.