Plain Talk With Rob Port

303: After divesting from Russia, thinking about investments "has to change" says SIB member

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Sinopsis

The officials overseeing North Dakota's investments are acting quickly to divest from investments in Russia in the wake of the terrible invasion of Ukraine. Already about 37 percent of the investments overseen by the State Investment Board have been pulled. It will take some time to pull the rest out - the investments are complicated, and officials are trying to limit the financial hit North Dakotans will take - but there's a plan in place to make it happen. But should our strategy about investing in countries with not-so-great political leadership change going forward? "I think it has to," Thomas Beadle said on this episode of Plain Talk. Beadle was elected as North Dakota's Treasurer last year, and by law is a member of the SIB. He said officials at the SIB, as well as other state boards, such as the Land Board, which oversees the investment of North Dakota's funds, are having a debate about that shift in policy now. But it can be complicated. Investing in state-owned companies is one thing, but what about