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January 10, 2018

New York City Moves to Divest Pension Funds from Fossil Fuels
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In more climate news, New York City Mayor Bill de Blasio is slated to
announce today that New York City is divesting the city's five pension
funds of $5 billion in fossil fuel investments. New York City officials
are citing climate change as the reason for the divestment, which they
say is the largest of any municipality so far. New York City Comptroller
Scott Stringer said, "Safeguarding the retirement of our city's police
officers, teachers and firefighters is our top priority, and we believe
that their financial future is linked to the sustainability of the
planet." In response, 350.org co-founder Bill Mc Kibben tweeted, "One of
the biggest days in 30 years of the climate fight. Earth's mightiest
city now in full-on fight with its richest, most irresponsible
industry."


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