The fund will divest from many fossil fuels in the next five years and sell its shares in other companies that contribute to global warming by 2040.
Source: New York’s $226 Billion Pension Fund Is Dropping Fossil Fuel Stocks
“The state comptroller, Thomas P. DiNapoli, had long resisted a sell-off, saying that his primary concern was safeguarding the taxpayer-guaranteed retirement savings of 1.1 million state and municipal workers who rely on the pension fund.”
