Last hearing to oppose Tesoro Savage Oil — August 22 in Vancouver!

August 15, 2017

After years of fighting, a final decision on the Tesoro Savage Oil terminal will be made in the coming months. The final hearing is August 22 — will you be there?

Community outreach against Tesoro Savage

If approved, the Tesoro Savage Crude Oil export terminal will handle up to 360,000 barrels of oil per day, and bring 4 more explosive oil trains per day through the Columbia River Gorge. We can’t allow this to happen!

The Energy Facility Site Evaluation Council (EFSEC) is holding this last hearing on August 22 in Vancouver, before giving their recommendation to Governor Inslee, who has the final say on the project. We must come together to stop the largest oil terminal in North America from coming to our region.

Join us on August 22 to show Governor Inslee and EFSEC we support clean air, clean water and clean communities — not oil trains! RSVP today!

Event Details:

WHAT: Final Hearing on Tesoro Savage

WHEN: Tuesday, August 22: Rally at 12:00, Hearing from 1:00-9:00 PM 

WHERE: Clark College Columbia Technical Centre
18700 SE Mill Plain Blvd, Vancouver, WA 98683 (map)
(Note – this is a different location than the last hearing)

RSVP here!

Questions? Contact Cecile at Cecile.gernez@sierraclub.org

Join us for a noon rally in a show of strong, public opposition to the Tesoro Savage terminal. Then join the EFSEC hearing, where you will have a chance to make a public comment, and put your concerns about the project into the official record, before EFSEC makes their final recommendation.  A fact-sheet and some talking points will be emailed to you once you RSVP to help you prepare.

We need you to show up at the last public hearing to stop North America’s largest crude oil export terminal from being built in our backyard.  This is last hearing EFSEC will hold before giving their final recommendation to Governor Inslee, the last step before he makes the final decision on Tesoro Savage. 

We’ve been fighting this project for over 5 years, and it’s all led up to these final moments. Let’s show up, pack the hearing room and shut this down! Remember to wear red!

Cecile Gernez, Sierra Club
Conservation Organizer, Sierra Club Washington State Chapter

P.S. We must bring everybody together to stop this terrible project, once and for all.  Share this critical event with your friends and family today!


Mosier Derailment Anniversary Observance and Rally

June 12, 2017

When oil trains derail, they explode. We saw this happen last year in Mosier, Oregon, dangerously close to the community school. Children had to be evacuated and families remained separated without any way of contacting each other for hours. On the first anniversary of this catastrophe, June 3rd, over 250 community members from across the region gathered to call for an end to reckless oil trains on the one-year anniversary of the dangerous oil train disaster in Mosier, Oregon. Tribal leaders, elected officials, and community members gathered at the Mosier Community School to send a clear message of support for Mosier.

All were united in their resolution to stop the flow of bomb trains to transport explosive, toxic crude oil through our communities.

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Tribal hip hop artists Kunu Dittmer and Fish Martinez shared their music at the rally. Their music resonated with the audience. Photo Credit: Gregory Monahan

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Photo Credit: Gregory Monahan

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Photo Credit: Kyle Ramey

Chairman of the Yakima Nation, JoDe Goudy, shown above and to the right, gave a highly evocative speech expressing empathy with the residents of Mosier telling them that they were collateral damage of a corporate business decision. He reminded us that tribal people are very familiar with the feeling that their lives and culture don’t matter and that we were all standing on tribal lands taken using “the doctrine of discovery” established by Papal Bull in 1493.

 

 

 

 

 

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Photo Credit: Kyle Ramey

Following the rally, participants marched to the sight of the derailment and down to the banks of the Columbia River where oil from the conflagration enter the river.

If you want to work to halt toxic dirty fuel trains through our communities contact:

Cecile Gernez, Conservation Organizer, Sierra Club Washington State Chapter, cecile.gernez@sierraclub.org


Coal to Clean, NOT Coal to Gas

June 12, 2017

Early this year, the Oregon Chapter’s Beyond Gas and Oil Campaign and the Beyond Coal Oregon Campaign recognized that they both wanted the same thing:

  • In general to stop the spread of natural gas usage
  • In particular, to block PGE’s plan to go From Coal to Gas instead of Coal to Clean
  • We also recognized that this was an opportunity to push FOR what we WANT, A Clean Energy Future,  as well as AGAINST what we DON”T WANT, A  Dirty Fossil Fuel Future.
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Laura Stevens, Sierra Club Beyond Coal, Organizer speaks at the rally before the May 15th hearing held in Portland by the Public Utility Commission (PUC). Banner made by volunteer members of the Oregon Chapter’s Clean Energy Task Force. Photo Credit: Colin McLean

The Beyond Coal Campaign has spent  years of setting expectations of replacing the Boardman coal plant with clean energy, including in our work together with allies to pass the historic Clean Electricity and Coal Transition Act last year. Portland General Electric (PGE) instead proposed to replace the retiring Boardman coal plant with a total of 1300 MW of fracked gas. Back in November they filed a very flawed Integrated Resource Plan (IRP) with the Oregon Public Utility Commission (PUC) that tipped the scales entirely towards more self-built gas resources to replace Boardman – for a total of 3 units at the Carty Generating Station right next to the Boardman Coal Plant. In a parallel process they also began to pursue all the required permits for the two new units including requests to increase their emissions limits at the first existing unit.

Adopting the latest strategy for developing effective campaigns, the Sierra Club recruited a strong network of groups to work on developing a shared strategy to significantly increase the public pressure on the company and the agencies in charge of the various approval processes. Over 15 different local groups came together to form the Carty Gas Working Group and began meeting weekly. It turned out that we had a very compelling ask: Do you want a Clean Energy Future?

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Students lead the way to a Fossil Fuel Free Energy Future, after the rally, activists marched to the PUC public hearing from the nearby park. Photo Credit: Colin McClean

In March we submitted a record 7,000 comments to the Energy Facilities Siting Council (EFSC) opposing the permits required to expand the Carty gas plant. On May 15th we broke another record submitting 10,000 public comments to the PUC directing them to reject any plans for new fossil fuel infrastructure and to do what they could to facilitate a faster transition to 100% clean and renewable energy.

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Volunteers from the broad coalition of groups who helped gather of 17,000 comments (7,000 to EFSEC and 10,000 to the PUC pose with the boxes that were presented to the PUC at the May 15th public hearing. Each box represents 1,000 comments. Photo Credit: Colin McClean

In March we submitted a record 7,000 comments to the Energy Facilities Siting Council (EFSC) opposing the permits required to expand the Carty gas plant. On May 15th we broke another record submitting 10,000 public comments to the PUC directing them to reject any plans for new fossil fuel infrastructure and to do what they could to facilitate a faster transition to 100% clean and renewable energy.

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Volunteers deliver comment cards to the PUC while students deliver testimony reminding  the commissioners that they will inherit the future created by the decisions made in the present. Photo Credit: Gregory Monahan

The Sierra Club is also an intervener in PGE’s  IRP docket at the PUC and on May31st, we submitted our final technical comments making the strong case that

  • the company has not justified any long term capital investments and
  • they did not adequately assess the risks associated with building new fossil infrastructure or
  • the many alternate options on the market including deeper energy efficiency savings as well as other short term market contracts that help satisfy the near term need.

The Sierra Club’s final recommendations concluded that “ratepayers may be better served with a short-term contract now so that they can pursue lower cost options in the mid to long term. A long-term resource decision made now to fulfill a 2021 capacity need could foreclose future, lower cost options—such as wind near the Colstrip site.”

The staff at the PUC also submitted their final reply comments into the docket and they were scathing in their critique of the company’s process as well as their conclusions. The commission staff ultimately determined “we cannot conclude anything other than that key parts of the plan do not fully consider or adequately plan for the significant changes that are expected in the electricity industry over the next five to ten years” and “staff recommends the Commission not acknowledge PGE’s Action Plan item to issue an RFP for dispatchable capacity between 375 – 550 MW.” While this is great progress the staff did leave open the possibility for the need for dispatchable capacity in the near future as well as an IRP Update which may include one or both of the gas units or may instead include purchasing an existing gas plant to serve Oregon.

PGE also submitted letters to the Department of Environmental Quality (DEQ) and to the Oregon Department of Energy (ODOE) asking them to suspend any further process to approve their pending permits for expanding the Carty Generating Station. These suspensions are not equivalent to permanently withdrawing their intentions to move forward with these plants and the permit processes can be restarted at any time. Some consider this move a calculated public relations strategy attempting to derail the momentum and enthusiasm for our campaign days before our much anticipated public hearing. If that was the intention it was not successful.

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Over 100 members of the public lined up to speak to a packed hearing chamber in the PUC public hearing on May 15th. Photo Credit: Colin McClean.

On Monday May 15th, the PUC held a special public meeting in Portland at our request to give ratepayers a needed voice in these often very wonky proceedings. PGE and the standard array of stakeholders who are interveners in the docket were asked not to testify. This was an opportunity for PGE and the PUC to hear directly from ratepayers and the community at large. Together with our allies from the Carty Gas Campaign working group and our incredible teams of comment card collectors and phone-bank recruitment volunteers we held a rally before the hearing and then packed the hearing room with 260 people. 105 people had the opportunity to testify in near unanimous support for rejecting plans for any new gas serving PGE ratepayers as well as showing deep support for a full transition to 100% clean and renewable energy.  Messengers at the hearing included renewable industry groups and developers, a Building Trades rank and file member, high school student climate activists, the Mayor of Milwaukie, a member of the Confederated Tribes of the Umatilla Indian Reservation, the Chair of the Global Warming Commission of Oregon, a Unitarian Minister, a Zen Teacher, and many long time PGE ratepayers.


The fight to stop these gas plants is not over and we have a few more key decision points to manage in the PUC process, including the reply comments from PGE due in June and a final public hearing at the commission in early August. The commission will issue its final order on August 31. Our campaign hopes to see a positive resolution to the question of expanding Carty in that order and then we turn our sights to supporting all the other ways we can leverage the replacement of Boardman with clean and renewable energy.

An outgrowth of this campaign was the passage of 100% Renewable Energy Resolutions by Portland and Multnomah County which you can read about in a companion blog post.

This blog post was written by: Amy Hojnowski, Senior Campaign Representative, Beyond Coal Campaign, Sierra Club and Gregory Monahan, Chair, Beyond Gas & Oil Team, Oregon Sierra Club.

If you want to be a part of creating An Energy System Free From Fossil Fuels Closely coupled with: A Just Equitable Transition Where All Members of Society Have Their Voices Represented and Can Thrive Contact one of the following people:

Nakisha Nathan, Climate Justice Organizer, nakisha.nathan@sierraclub.org
Laura Stevens, Beyond Coal Organizer, laura.stevens@sierraclub.org
Gregory Monahan, Chair, Beyond Gas & Oil Team, gregory,monahan@oregon,sierraclub.org

See below a compilation of the best of news clips from the campaign as well as rally and public hearing photos. For archived livestream video of the hearing with testimony see here and for archived livestream video of the rally see here.

The Oregonian – Opinion: PGE faces critical choice on Boardman gas-plant

Portland Business Journal – Sierra Club: PGE ‘backsliding’ on renewables commitment

East Oregonian – Tribal members petition against Carty expansion

Portland Business Journal – PGE gas opponents hit state siting council with deluge of comments

Oregon Public Broadcasting – Climate Activists Tell PGE: Don’t Even Think About New Natural Gas Plants

Portland Business Journal  –Protest of Portland General Electric’s resource plan takes a fracking twist

Portland Tribune – PGE may opt against natural gas plants to replace coal plant in Eastern Oregon

AP – Portland Utility Suspends Effort on New Natural Gas Plants

Portland Business Journal  – Analysis: How an assault on natural gas upended PGE’s power plan

East Oregonian – Backlash against Carty gas plant in Boardman continues

The Oregonian – Ratepayers and activists insist PGE reject natural gas


Update on Proposed Kalama Methanol Refinery

June 11, 2017

The proposed Kalama Methanol Refinery has received approval for their Shoreline Substantial Development Permit from the Washington State Department of Ecology. This comes after environmental and social justice groups flooded Ecology with over 19.000 comments opposed to the refinery.

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If built, this would be the largest methanol refinery in the world! It would refine fracked gas into methanol in Kalama, WA, and ship it to China to make plastics. This single project would consume more fracked gas than any sector of Washington’s economy. It would require new gas pipeline infrastructure, likely down the I-5 corridor in Washington bringing fracked gas down from Canada. Gas infrastructure carries a big risk of explosions.

The production, refinement and transportation of fracked (so called “natural”) gas leaks methane, a greenhouse gas over 80 times more potent than carbon dioxide. This means that the climate impact of this project is HUGE.

We need Governor Inslee to come out against this project, and realize that natural gas is no bridge fuel to a clean energy future; instead it is a gang plank to a dirty fossil fuel future.

Governor Inslee recently championed a coalition of governors committed to climate action. Approval of this methanol refinery runs counter to his and Washington State’s climate commitments. His commitments to our climate will mean nothing unless he stands up against this refinery! Click here to send an email to Governor Inslee Urging him to come out against the proposed Kalama Refinery. 

The Sierra Club and other public interest organizations intend to appeal the Shoreline permit, and the project’s dreadfully inadequate Environmental Impact Statement, to the Washington Shorelines Hearings Board.

The same company, Northwest Innovation Works, that is trying to build this plant in Kalama has plans to build an identical plant across the Columbia at Port Westward in Clatskanie, OR. One more reason to stop this project from being built.

If you want to work to stop this dirty, dangerous project contact Cecile Gernez, Conservation Organizer, Sierra Club Washington State Chapter                               email: cecile.gernez@sierraclub.org


Jordan Cove LNG: The Empire Strikes Back

May 18, 2017

By Ted Gleichman

We have complex Jordan Cove news, so I will overstrain this Star Wars metaphor right from the get-go.

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View of the proposed Jordan Cove LNG export terminal site on Coos Bay.
Credit: Jes Burns, Oregon Public Broadcasting / EarthFix

We all remember the temporary victories of last year: the valiant Rebel fighters in Southern Oregon brought down the Empire’s local Death Star: the Jordan Cove liquefied natural gas (LNG) export terminal plan and the fracked-gas Pacific Connector pipeline necessary to serve it.

Technically, the Rebels persuaded a key Empire directorate, the Federal Energy Regulatory Commission (FERC), to go rogue briefly, for the first time ever on LNG, to deny federal permits to the Death Star (twice).

Then Darth Vader was anointed to take over the Empire, in a structural coup that displaced the assumed new Empress (even though she was supported by more of the Empire’s electorate). And FERC – never a true friend to the Resistance – emphasized that the Death Star owner (Veresen Inc., from the key Empire fossil fuels province of Canada) could re-apply for a new Death Star any time. And so they did, saying that Emperor Vader would save them….

Ok, enough Star Wars…. This 13-year battle now has moved into a blend of old and new terrain. We continue to work to build local and state support, while restructuring how to fight through the new FERC process and defeat state permits. Here are the highlights:

  • Veresen and Jordan Cove get strong support from the Trump Regime
  • Senators Wyden and Merkley try to play both sides with Trump and FERC
  • Merkley proposes a Full-Renewables Policy, with a Jordan Cove Loophole
  • Veresen agrees to a Sweetheart Merger with Pembina Pipeline Corp.
  • The Trump Regime announces new FERC Nominees – Wyden is key
  • Jordan Cove defeats a controversial local-control ordinance in Coos County
  • Coming next: Outreach to Wyden, Merkley, Governor Brown, and others

Veresen and Jordan Cove get strong support from the Trump Regime

Three days after President Trump’s inauguration, leaders of major construction unions met directly with him and top aides (including Steve Bannon) at the White House to promote Jordan Cove. They received a pledge of support: they were told that Jordan Cove would be the third energy infrastructure project on regime list for approval, immediately after the Keystone XL pipeline and the Dakota Access pipeline. Veresen CEO Donald Althoff was also incorporated into a major Trump corporate sales pitch and is claiming White House support.

Senior Trump aide Gary Cohn, director of the National Economic Council and a top advisor to the President on infrastructure plans, spoke recently to a key globalization think-tank, the Institute of International Economics. He stated bluntly, “We’re going to approve an LNG export terminal on the West Coast.”

Cohn, a former Goldman Sachs executive, made it clear that he was speaking specifically about Jordan Cove. He was definitive on Trump’s power to approve it, despite the fact that legally FERC is an independent agency.

Senators Wyden and Merkley try to play both sides with Trump and FERC

In response, Oregon Senators Ron Wyden and Jeff Merkley issued a joint warning to the White House, saying in essence, ‘Don’t mess with FERC, but we still like Jordan Cove.’

This remarkable letter has, for me, a ‘split the baby’ feel, and is a perfect example of the conundrum facing all of us: A huge percentage of the Democratic Party base opposes Trump on every level. Another traditionally-Democratic set of constituencies, portions of Labor and other rural and blue-collar voters, were vital to Trump’s Electoral College victory.

Both senators have been supportive of Jordan Cove – sometimes strongly supportive – through many twists and turns as the facts on the ground have evolved and opposition has grown.   But now Jordan Cove is a first-tier Trump agenda item.

And in Oregon, the power of the Building Trades in Democratic Party politics and the desperate need for high-wage jobs in Southern Oregon have been the key factors in preventing formal Democratic elected-official opposition to a pipeline and terminal that are terrible for landowners and communities, the local ecology, and the planet.

Furthermore, FERC has been a truly brutal agency, forcing eminent domain abuses on landowners on pipeline routes across the country before the pipelines have even received other mandatory approvals. FERC denied Jordan Cove twice last year because it is one of the worst and weakest LNG export projects in the United States – not because there is anything admirable about FERC’s management of fossil fuels exploitation as we live in climate crisis.

Merkley proposes a Full-Renewables Economy, with a Jordan Cove Loophole

Simultaneously, Senator Merkley was the lead sponsor and prime mover for a massive new bill that (if eventually approved) would constitute the most ambitious federal reform plan yet for our long-term energy use: the 100 by ’50 Plan: 100% renewables in the U.S. by 2050. The 319-page bill, S. 987, is designed to reform every section of the U.S. energy economy. Although controversial in many ways, it is a serious effort…

….EXCEPT the section prohibiting most new fossil fuels infrastructure, Section 501, would not take effect until 2021, for reasons that are unclear. This apparent loophole moves this crucial component of “Keep It In the Ground” past the time when Jordan Cove now expects to receive federal and state approvals and begin construction.

Many in Southern Oregon fighting to stop Jordan Cove and the pipeline see Senator Merkley’s actions as hypocritical.

Veresen agrees to a Sweetheart Merger with Pembina Pipeline Corp.

At the same time, Veresen agreed to a sweetheart merger with another Canadian fossil fuels company, Pembina Pipeline Corp. The two companies expect Canadian regulatory approval this fall, and the merger would make Pembina one of the largest Canadian fossil fuels companies (although still only medium-sized by U.S. and global standards).

The Pembina CEO praised Jordan Cove as a key opportunity, apparently forgetting the 2015 defeat of their $500 million propane export terminal proposal in Portland.

The Trump Regime announces new FERC Nominees – Wyden is key

FERC has been unable to approve any major new project since early February, when the five-member commission fell to two members and lost the ability to constitute a quorum. Under strong pressure from the fossil fuels industry, the Trump regime announced two new nominees last week: both are reliable supporters of all oil and gas projects.

One of Trump’s nominees is the top energy aide to Senate Republican Majority Leader Mitch McConnell. The other has been the top state manager of the fracking boom from the Marcellus shale-gas region in Pennsylvania, where many of the worst fracking abuses have happened.

The new nominees must be approved by the Senate Energy & Natural Resources Committee before the full Senate can move them to re-start FERC. Senator Ron Wyden is a former chair of that committee, and will be one of the most important Senators reviewing theses nominees and the new role of FERC under Trump.   Stay tuned!

Jordan Cove defeats a controversial local-control ordinance in Coos County

On May 16, an ordinance initiated by petition by grass-roots activists in Coos County to promote sustainable energy and stop Jordan Cove was defeated 3-1. The proponents of this initiative were outspent by Jordan Cove more than 50-1.

The long-term impact of this valiant effort remains to be seen, although Jordan Cove proponents will claim it as definitive (wrongly, I believe). The measure, a “community rights” proposal developed in conjunction with the controversial Community Environmental Legal Defense Fund, is seen by most legal observers to be unconstitutional when applied solely on a local level, and court challenges to date have borne that out.

But the well-meaning fervor of these local activists to make change will, I believe, rebound and restore itself over time.

Coming next: Outreach to Wyden, Merkley, Governor Brown, and others.

So: what is to be done? Watch your email action alerts: we will be presenting you with opportunities to help educate our Senator and Governor Kate Brown on the fallacy of allowing the Jordan Cove Energy Project fracked-gas export terminal and the Pacific Connector Gas Pipeline to proceed forward.

This project will never be built.

Ted Gleichman is policy advisor for the Oregon Chapter Beyond Gas & Oil Team and a member of the National Strategy Team for Sierra Club’s Beyond Dirty Fuels Campaign.

 

 

 

 


City of Portland Will Divest all Corporate Securities & Consider a Public Bank

April 13, 2017

By Ted Gleichman

In a local political shocker, the Portland City Council, deeply divided, has voted to divest all corporate securities from its investment portfolio.  A majority also said they will consider creating a public bank.  This surprise turn to a decade of arguments over corporate behavior and city investments came at the end of a four-hour public hearing April 5.Raging Grannies singing testimony to Portland City Council

 Raging Grannies sing their testimony to Portland City Council. Credit: Ted Gleichman

The city commissioners had wrestled for years with ruling on which companies should or should not be able to use cash owned by the people of Portland.  In the end, they voted 3-2, over strong opposition from new mayor Ted Wheeler, to eliminate all corporate securities from the city’s portfolio, which approaches some $2 billion.  Currently, $539 million of that is invested in corporate bonds and commercial paper.   These funds will be moved into non-corporate investments (generally, government bonds) as each specific corporate security reaches its maturity date or can be redeemed early for greater profit.

Long term, the most important piece of the dramatic meeting may turn out be an informal commitment by a majority of the commissioners to consider creating a city-owned bank, as the vehicle to manage the city’s portfolio.  If that happens, the City of Portland would join the State of North Dakota as owners of the only public banks in the U.S.

The April 5 decision came through the approval of the city’s 2017 investment policy, a document required annually under Oregon law.  In past years, up to 35% of city funds could be invested in top-quality corporate securities, with current specific exclusions on a “Do-Not-Buy List” as a result of earlier battles: Walmart, and the Carbon Underground 200 list of the largest publicly-owned fossil fuels companies globally, 100 coal and 100 oil and gas, all ranked by the size of their proven reserves – a “keep it in the ground” tool.

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Fracking on public land in Wyoming.
Credit: Pinedale BLM Field Office, Wikimedia  Commons public domain

In 2013, as divestment battles from many perspectives heated up, the city council created the Temporary Socially Responsible Investing Committee (SRI) to advise them.  In 2014, they recreated it without the “Temporary” label.  The new SRI committee, in a remarkable document, recommended in September 2016 that as many as ten companies should be kept on or added to the Do-Not-Buy List.  The proposed additions were Wells Fargo, Caterpillar, Nestle, Amazon, and five other global banks.  After a difficult hearing in December, the then-council imposed a four-month moratorium on any new purchases and directed City Treasurer Jennifer Cooperman to come up with a new policy for 2017, taking everything into account.

The treasurer’s proposed policy essentially ignored the SRI recommendations, and about 150 activists showed up on April 5; 40 testified.  No one supported the treasurer’s recommendations; the corporations singled out most often in the testimony as “the worst of the worst” were Caterpillar and Wells Fargo.  Oregon Sierra Club added its voice to the process; Beyond Gas & Oil Team chair Gregory Monahan and I called for a commitment to SRI and transparency, based on the critical importance of environmental justice in Sierra Club.

Then Commissioner Dan Saltzman, the longest-serving member of the city council, startled the room by proposing an amendment prohibiting any new corporate investments.  Commissioner Saltzman said he was deeply frustrated about the amount of time these debates took away from other work every year, and wanted them over.

Treasurer Cooperman said that decision would cost the city from $3-$5 million a year in lost profits.  That was a key factor in opposition to the amendment by Mayor Wheeler and Commissioner Amanda Fritz.  The mayor also made a strong statement opposing divestment on principle, with a lot of detail about his six years as state treasurer.  Nonetheless, the Saltzman amendment passed with support from Commissioners Nick Fish and the newly-elected Chloe Eudaly.  The council then unanimously approved the revised policy, putting the city in compliance with the state requirement.

Most of the activists in the room were shocked; none of the leaders of the environmental and faith organizations present had predicted this.  One local divestment leader told me that she didn’t see it as a win, “because now we can’t call out the worst corporations by name.”  Others (including me) felt that a general policy against corporate investing sends a strong positive message on our city’s priorities.

Mayor Wheeler and Commissioners Fish and Eudaly all responded positively to testimony advocating for a public bank, and it’s clear that idea is going get more attention.  Commissioner Eudaly said she and her staff are preparing a report evaluating the options.

The new divestment policy is not a fire sale; corporate securities will leave the portfolio when the treasurer deems the time is right, not overnight.  On the current schedule, the final piece of Portland’s corporate portfolio is a $10 million Wells Fargo security that will pay the city 2.15% profit when it comes due in December 2019.

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Dakota Access Pipeline in Iowa. Credit: Carl Wycoff, Creative Commons 2.0

Currently, Wells Fargo – a key financier of the Keystone XL and Dakota Access pipelines – is Portland’s top corporate issuer, with almost $78 million in holdings.

Ted Gleichman serves as policy advisor with the Chapter’s Beyond Gas & Oil Team


Working to Make Oregon’s Clean Energy Power Grid a Reality

April 12, 2017

Portland General Electric wants to build new fracked gas power plwind-and-solar_largeants which will lock us into decades of climate wrecking fossil fuel pollution.

PGE’s own analysis shows that our future energy needs can be reliably and affordably met with clean renewable energy which will create hundreds of new green energy jobs for our region.

There are 2 ways you can help us to create a landslide of comments to the Oregon Public Utility Commission

Download a comment card toolkit and gather comment cards from your neighbors and friends.

and

Send an email to your circle of contacts inviting them to use the Sierra Club’s website to submit an email comment.

 

Save the Date:

We just got news that the Oregon Public Utility Commission is going to hold a public hearing on PGE’s energy plan on the evening of Monday May 15th at the Portland Building.  The time is TBD, but very likely in the evening.  

They are holding this hearing specifically so that they can hear the public’s testimony. 

Please save the date and keep an eye out for details & ways that you can help make this a success!  

Keep the Frack Out: Clean Energy for Oregon! 

Thanks for all you do.

Contact Gregory Monahan at gregory.monahan@oregon.sierraclub.org if you need any help or have any questions