NY's $260B Pension Fund Is Dropping Exxon, Other Energy Company Holdings
The New York State Common Retirement Fund plans to restrict its investments in Exxon Mobil Corp and seven other oil and gas companies.
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The New York State Common Retirement Fund plans to restrict its investments in Exxon Mobil Corp and seven other oil and gas companies.
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NY State pension fund restricts investments in 8 oil and gas companies, including Exxon, due to climate risk.
The $260 billion pension giant also said it will divest and restrict investments in Exxon Mobil and seven other oil-and-gas companies
The state pension fund is cutting investments in oil companies that officials says haven’t done enough to get ready for the energy transition.