Stay updated with breaking news from James oddo staten. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hiram Alejandro Durán/THE CITY The MTA’s signature plan to revamp bus routes has been stuck in the slow lane for over a year because of the pandemic delaying long-planned efforts to speed up rides as the city begins reopening. Agency officials say the citywide bus network redesign which launched on Staten Island Express routes in 2018 will eventually resume, though the MTA could not specify an exact timetable. While Staten Island’s overhaul was completed nearly three years ago, The Bronx’s redesign was just about to hit the streets when COVID slammed the brakes. The MTA had started public outreach on its Queens plan, while Brooklyn’s redesign was in a preliminary phase. Manhattan will be the last borough to have its bus routes reimagined. ....
New York City Pension Trustees Voted to Divest Estimated $4 Billion in Fossil Fuel Securities Posted on 01/25/2021 New York City Mayor Bill de Blasio, Comptroller Scott M. Stringer, along with trustees of two of the City’s pension funds, announced these funds have voted to divest their portfolios of an estimated US$ 4 billion from securities related to fossil fuel companies. The divestment, expected to be one of the largest in the world, will address the significant financial and environmental risks that these fossil fuel holdings pose to the funds. In 2018, New York City became the first major city in the nation to commit to divesting major public pension funds from fossil fuel reserve companies. Since the initial announcement hundreds of other institutions, governments, and entities have joined this commitment. ....