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Only the beginning : Citing climate and investment risks, NY State pension fund to ditch tar sands

Only the beginning : Citing climate and investment risks, NY State pension fund to ditch tar sands
nationofchange.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationofchange.org Daily Mail and Mail on Sunday newspapers.

Oil Prices Rangebound As Long Term Problems Emerge

Eni (NYSE: E) to buy from hold, both due to an improving oil price environment. -     -     Continental Resources (NYSE: CLR)said its first-quarter production was roughly 6,000 boe/d lower than expected due to the Texas grid crisis.  Tuesday Aril 13, 2021  Oil prices are still bouncing around depending on the news cycle, but with little definitive direction. In the words of Rystad Energy, “Prices are still locked in a sideways limbo, as bearish Covid-19 developments in some countries compete against bullish economic data and spending projections going forward in US and China,”. 300 corporations call for 50% GHG cut. In a letter to President Biden, more than 300 companies called on the U.S. to double its greenhouse gas reduction target to 50% by 2030. “I think this signals a major shift in the corporate community’s understanding of the urgency of climate change as a systemic financial risk,” Anne Kelly of Ceres told the NYT. The Biden administration is expecte

New York state pension fund limits oil sands investments

New York state pension fund limits oil sands investments New York state pension fund limits oil sands investments Bloomberg Mining operations at Syncrude Canada Ltd. s oil sands North Mine in Fort McMurray in 2010. The New York State Common Retirement Fund, Albany, plans to restrict investments in seven oil sands companies and eventually divest its $7 million holdings in them, Thomas DiNapoli, the state comptroller and sole trustee of the $247.7 billion pension fund, announced Monday. The fund will not directly purchase or directly hold debt or equity securities, or invest through an actively managed account or vehicle, in these companies, a news release from the comptroller s office said. Existing investments will be sold in a prudent manner and time frame.

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