Page 37 - புதியது யார்க் நகரம் கம்ப்ரோலர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Two NYC Pension Funds Divesting $4 Billion from Oil Companies The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018. Oil companies are quickly losing investors, including two pension funds in New York City, as more asset managers are pivoting to renewable options in the battle against climate change and for environmental, social, and governance (ESG) investing.  The two pension funds will divest an estimated $4 billion from fossil fuel companies. NYC Comptroller Scott Stringer on Twitter called the move “one of the largest divestments in the world.” The move to sell holdings in oil companies mirrors the divestment from tobacco companies two decades ago. 

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