New York’s $226 Billion Pension Fund Is Dropping Fossil Fuel Stocks


The state of new york has announced plans to divest. Its two hundred twenty. Six billion dollar retirement fund from most fossil fuel companies. The new york state common retirement fund is the third largest public pension fund in the united states. New york state controller. Tom donna police said the fund would divest from the riskiest oil and gas companies by twenty twenty five and decarbonised by twenty forty. The decision follows years of organizing by the divest new york campaign which was launched after hurricane. Sandy bill mckibben co-founder of three fifty dot. Org hailed the decision. This is one of the really great. In a moment. This is the biggest pension fund to divaesque. It comes from the state that is at the heart of the global financial system. That is it is smart money and it comes after the lawyer for of the controller to engage with these oil companies and try to knock some sense into

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