NYC Pension Funds to Divest $4 Billion from Fossil Fuels
Mayor Bill de Blasio said the industry was both bad for the planet and "a bad investment." Jan 27th, 2021 AP file NEW YORK (AP) — New York City officials announced this week that two pension funds for city workers will divest an estimated $4 billion in securities related to fossil fuel companies in order to promote clean energy use. “The divestment from fossil fuels is possible and necessary,” said City Comptroller Scott Stringer, who joined Mayor Bill de Blasio at a video briefing on Tuesday. “Smart investment policy and smart climate solutions go hand in hand. And we are putti...