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December 20, 2017

New York Gov. Cuomo Moves to Divest Pension Funds from Fossil Fuels
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And in a major victory for environmentalists fighting climate change,
New York Governor Andrew Cuomo said Tuesday he'll work with the state
comptroller to divest New York's massive public pension fund from fossil
fuel companies. The so-called de-carbonization roadmap seeks to phase
out investments in companies that trade in coal, oil and gas, while
investing in green technologies like solar and wind. New York's Common
Fund manages over $200 billion in retirement savings for more than a
million New Yorkers. It currently holds shares of more than 50 oil and
gas companies, with over a billion dollars invested in Exxon Mobil
alone.


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