The majority of commitments were for the world’s largest dedicated greenfield renewable energy fund.
The $247.7 billion New York State Common Retirement Fund has committed approximately $400 million to two funds as part of its Sustainable Investments and Climate Solutions (SICS) Program.
The commitments are part of New York State Comptroller Thomas DiNapoli’s climate action plan to lower investment risks from climate change and help shift the pension fund to net-zero greenhouse gas emissions within the next 20 years.
“While climate change poses investment risks, it also creates opportunities for the state pension fund to invest in the companies and funds that are best positioned for the low-carbon future,” DiNapoli said in a statement. “The commitments we announced today aim to take advantage of the growth in climate investing and to strengthen our portfolio for the long-term.”
New York MTA s capital numbers don t add up, DiNapoli says
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Cuomo is reportedly being investigated over his pandemic book
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Restoring property tax break can save you lots of cash. Why it could actually happen this time.
Updated 8:01 AM;
Today 8:00 AM
Rep. Josh Gottheimer announces the formation of a new congressional caucus to fight for restoring the full federal deduction for state and local taxes. Surrounding him are other founding members of the caucus.
Facebook Share
A Bergen County homeowner making $150,000 a year and owning a $600,000 house can expect to pay as much as $12,000 in property taxes and $5,000 in state income taxes.
Until 2018, taxpayers could deduct that full amount on their federal income tax returns. But Republicans capped that tax break at $10,000.