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.
New York state pension fund says it s selling off a $7M stake in oilsands
cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
New York State pension fund restricts investments in Canadian oil sands companies
oilandgas360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgas360.com Daily Mail and Mail on Sunday newspapers.
New York pension fund divests $7 million 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.