Group formed to invest, grant money from state's largest environmental damages settlement
The Lower John Day River, pictured, is among the Oregon waterways contaminated by polychlorinated biphenyls. (Photo by Greg Shine/U.S. Bureau of Land Management/Flickr)
More than two years ago, Oregon settled with agrochemical giant Monsanto over the company's alleged role in polluting waters of the state for more than 90 years with toxic chemicals harming humans and aquatic species.
Now, Gov. Tina Kotek and the newly established Oregon Environmental Restoration Council will begin planning, investing and distributing that settlement money – $698 million – over the course of 50 years, using it to pay for environmental restoration and cleanup work across the state. Kotek announced the council's chairs Wednesday, as well as details about how the money in the state's Environmental Restoration Fund will eventually be allocated.
'The term 'once-in-a-generation opportunity' can be a little bit hyperbolic, but I think in this case, it's absolutely true,' said Nicole Maness, manager of the fund. 'This is a significant amount of money, and it's coming at a time when there's a huge amount of uncertainty around federal funding for restoration.'
The settlement money will be invested by the State Treasury, and earn interest income that will be distributed by the Environmental Restoration Council and the Oregon Watershed Enhancement Board biennially, Maness said.
Half of the settlement money awarded each biennium will go to state agencies to support work on water and environmental restoration. One quarter will go to the nine federally recognized tribes in Oregon for conservation and natural resources; and the remaining quarter will go to local communities and community-based organizations for projects benefitting people and neighborhoods disproportionately harmed by pollution.
The deal between the Oregon Department of Justice and Monsanto is the largest environmental damages settlement in state history. The company agreed to pay in December 2022 to end a lawsuit brought by then Oregon Attorney General Ellen Rosenblum over allegations that Monsanto had for decades polluted state waters with Polychlorinated biphenyls, also called PCBs. Oregon is among several states that have sued the company, which has not admitted guilt or liability for the pollution.
Monsanto was for decades the only manufacturer, seller and distributor of PCBs — colorless or light yellow compounds once used in coolants, electrical equipment, hydraulic oils, paints and caulking and copy paper — until it voluntarily ceased production of the compounds in 1977. The Centers for Disease Control and Prevention has found the compounds can cause cancer in animals, and the federal Environmental Protection Agency says they are likely human carcinogens. PCBs continue to leach from landfills and travel into ground and surface waters where they are difficult to remove.
More than a dozen waterways in Oregon are damaged by PCBs, including the Portland Harbor, Lower Columbia River, Middle Columbia River, Willamette River, Upper and Lower John Day Rivers and Coos Bay.
The money will be used for more than just trying to tackle PCB pollution, Maness said, and 'in a way that is going to be meaningful to Oregonians, that is going to strike that balance between addressing past harms, but also opportunities to restore places that are important to people, important to wildlife.'
These could include removing barriers to fish passage, improving overall water quality and aquatic habitat and ensuring salmon consumed among many tribes in Oregon are abundant and safe to eat, she said.
Kotek on Wednesday announced she appointed Chuck Sams, an enrolled member of the Confederated Tribes of the Umatilla Indian Reservation and the former director of the National Park Service, and Michael Dembrow, former Democratic state senator representing Portland, as co-chairs of the council. She also appointed Vice Chair Cheyenne Holliday, advocacy director at the nonprofit Portland-based environmental and social justice group Verde.
'This is a tremendous opportunity for us to improve the health and living conditions of Oregonians in every part of the state, year after year for the next fifty years at least,' Dembrow said in a news release. 'It's especially important to have this stable source of funding right now, given our uncertain state budget and little hope for federal support for this important work.'
The rest of the council will be made up of the directors, or a designee of the directors, of the Oregon Health Authority, Oregon Department of Fish and Wildlife and the Oregon Department of Environmental Quality; Oregon's attorney general or someone from the Office of the Attorney General; and two non-voting members from the Oregon House of Representatives and the Oregon Senate, chosen by those chambers.
Kotek has yet to pick the final two members of the 11-member council she gets to appoint, but Maness said they will have to possess expertise in either PCBs or a wide range of environmental toxins.
The council aims to have its first meeting this summer, Maness said.
SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


E&E News
9 hours ago
- E&E News
Oregon lawmakers set net-zero goal for pension fund
Oregon is moving to codify climate standards for the state's $100 billion public pension fund, defying a broader trend in U.S. finance away from climate-minded investing. H.B. 2081 aims to lower the carbon intensity of the Oregon Public Employees Retirement Fund's investments — without requiring the fund to divest from fossil fuels. Instead, the bill upholds a strategy from Oregon Treasurer Elizabeth Steiner and her predecessor, now-Secretary of State Tobias Read, to balance the pension fund's carbon-intensive holdings with investments that lower emissions — aiming for net-zero emissions from the portfolio by 2050. Advertisement The bill passed the Oregon Senate this week on a 18-10 vote, including one Republican supporter. It cleared the House in May, where two Republicans helped it pass 36-18, and it now awaits action from Democratic Gov. Tina Kotek.


Forbes
2 days ago
- Forbes
Questions Swirl As Oregon Legislature Passes $800M MLB Ballpark Funds
The Oregon Legislature signed off on a bill that would cap funding at $800 million for a potential Major League ballpark in Portland. With total costs likely to be at or exceeding $2 billion, and additional expansion fees, many outstanding questions remain for the MLB to Portland effort. Senate Bill 110 passed in the Oregon Senate in April, and the House approved the bill on Tuesday, sending it to Governor Tina Kotek, who has signaled that she will sign it into law. The bill was an update to SB 5, which passed into law in 2003 with construction bonds capped at $150 million. The funding mechanism would use a 'jock tax' model, funneling state income tax away from the general fund for home and away players, as well as top executives, until the obligation was paid off. As was the case with the original bill in 2003, the law would only take effect if MLB awarded a franchise to Portland. State and local politicians from both parties endorsed the bill, stating that an MLB team in Portland would generate local and regional economic activity in the downtown core, which has yet to fully recover from the pandemic. MLB Commissioner Rob Manfred has stated that expanding the league from 30 to 32 clubs is a goal, with the key processes in place before he retires in January 2029, leaving approval of one team in the West and one in the East to his successor. Unlike the original bill in 2003, which sparked considerable debate over who would guarantee the bonds, SB 110 saw no such discussion, raising concerns about safeguards for taxpayers. A potential labor dispute between the owners and players in the league, resulting in a lockout or strike that would lead to regular-season game cancellations, would disrupt the flow of state income taxes used to pay the bonds. While the lockout in 2021-22 pushed the start of the season out a week, the schedule was compressed, allowing all 162 games to be played. The expectation is that another lockout will occur in 2026-27 when the current labor deal expires, with odds of the owners pushing for a salary cap increasing. That would increase the odds of regular-season games being cancelled. Craig Cheek, the head of the Portland Diamond Project, the effort to lure a team to Portland, acknowledged that there were no safeguards in place in the event of a labor dispute, but stated that the bonds would be privately owned and secured. He said that private equity and investors would make up any difference. Nothing in the bill memorializes that structure and guarantees that the general fund could not be tapped. Overall, while the bill caps at $800 million, the actual amount would be far less, given underwriting, bond security, and interest. The construction of a waterfront ballpark targeted for South Portland would likely cost $2 billion or more. However, that would be only half of the total amount needed to have MLB award a franchise. A significant driver for the other 30 owners to allow the league to expand is the prospect of a $2 billion or more expansion fee, which would balloon costs to over $4 billion. As was the case the last time Portland explored MLB expansion or relocation, the ownership group remains a mystery (full disclosure, I was part of the effort in 2001-03 and there never was an ownership group, instead leaning on the idea that should a club be awarded, the league would help cobble one together). That puts the Portland effort at a disadvantage compared to Salt Lake City, which the Miller family leads – the former owners of the Utah Jazz – and has strong backing from Tagg Romney, the son of former U.S. Senator and presidential candidate Mitt Romney. Tagg is currently the Co-founder & Managing Partner of Solamere Capital. Solamere appears to be a key part of the effort, as Spencer Zwick, the co-founder of Solamere, is also listed as part of the effort. While a letter of intent was signed in September of last year to purchase 33 acres for the ballpark, Cheek and the Portland Diamond Project have never disclosed who comprises the capital stack that would make the MLB to Portland effort a reality. Due diligence on the ballpark site was completed on January 22nd, and PDP has until March 2028 to finalize the deal. While the ownership group should have stepped forward by now, it will have to be abundantly clear by the March 2028 deadline whether the pieces are in place to make any MLB to Portland effort a contender to the Salt Lake City group. Still, the Portland Diamond Project will take signing Senate Bill 110 into law as the first step.
Yahoo
3 days ago
- Yahoo
Gov. Kotek signs POWER Act to shield Oregonians from Big Tech utility bills
PORTLAND, Ore. (KOIN) – Gov. Tina Kotek has signed the Protecting Oregonians With Energy Responsibility (POWER) Act into law, effectively in the state. Now, thanks to , companies with facilities such as data centers or cryptocurrency operations will be held responsible for their utility bills. Woman dead, 3 teens seriously injured in Hwy 26 crash Kyle Herrig with Unlocking America's Future said the POWER Act is accountability. 'Hard-working Oregon families who earn their paychecks and pay their bills each month shouldn't have to subsidize the massive energy consumption of for-profit data centers through higher utility bills,' Herrig said. Kotek's signature means there will be a separate pricing system for energy users who demand more than 20 megawatts, or roughly the same usage as a small city, according to the Democratic Majority Office. Rep. Janelle Bynum questioned at town hall after 'gratitude to law enforcement,' ICE vote The Democratic lawmakers note that industrial users currently pay about eight cents a kilowatt hour, while households are charged more than double the rate at 19.6 cents per kilowatt hour. 'The bill helps protect everyday users, like families and small businesses, from paying the costs that big businesses are running up,' said , who co-sponsored the POWER Act. 'Household budgets are stretched far enough as they are. They shouldn't be covering corporate costs, too.' However, that the bill would discourage tech companies from growing their presence in Oregon. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.