New York State Common slates $400 million for renewable energy pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
The $247.7 billion fund has its sights set on shale oil and gas companies next.
The $247.7 billion New York State Common Retirement Fund said it will restrict investments in oil sands companies it deems unprepared to “transition to a low-carbon economy,” and will sell off the investments it already has in those kinds of companies.
The fund said it decided to ban investments in oil sands companies because they produce a heavy type of crude oil that is more costly and carbon-intensive than other forms of crude production. The fund currently holds more than $7 million in such securities, but said those “will be sold in a prudent manner and time frame.”
CIP raises €7bn for global renewable energy infrastructure fund ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
Amazon pledges to promote more women, Black employees
The company also released data about its current workforce. Among U.S. senior leaders, 70.7% were white and only 22.8% were women.
Pedestrians walked past geodesic domes at Amazon s Seattle headquarters in 2017.(STUART ISETT / NYT)
Amazon.com Inc. pledged to increase the number of women and Black employees in its senior ranks as part of an unusually detailed set of diversity commitments for a company that has rarely publicly discussed the makeup of its workforce.
The e-commerce company outlined a set of hiring and promotion targets for 2021, including a 30% rise in the number of women in senior technical jobs and doubling the number of high-level Black employees in the U.S. In a note to employees posted Wednesday on the company’s blog, Amazon human resources chief Beth Galetti also committed to more frequent internal reporting on diversity matters, ensuring participation in companywide inclusion training and inspecting any s
New York pension fund divests $7 mln from Canadian oil sands firms reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.