**The City of Corvallis should immediately freeze any new investments in fossil fuels, and divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds. The City of Corvallis should also ask the State of Oregon to do the same for the State Investment Pool and PERS.
Why is this important?
Corvallis has a reputation as a "green" city with citizens that care about climate justice and sustainability. It is hypocritical to make this claim and at the same time invest in the very companies that are working against our vision.
We can not count on the federal government, even as extreme weather events and other climate disasters overwhelm local budgets. We have the solutions, but we won’t see any political progress on the issue until we can weaken the power of the fossil fuel industry.
The bottom line is this: divestment is the only moral choice for governments that care about their citizens. Solving the climate crisis is the only practical choice for governments that care about their solvency. It's time to divest from fossil fuels now!
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