EM-180110-FossilFuelDivestNYC-001
NYC Mayor Bill de Blasio - Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the City’s pension funds announced on January 10, 2018; a goal to divest City funds from fossil fuel reserve owners within five years, which would make New York City the first major US pension plan to do so. In total, the City’s five pension funds hold roughly $5 billion in the securities of over 190 fossil fuel companies. The City’s move is among the most significant divestment efforts in the world to date. (Photo by Erik McGregor)
EM-180110-FossilFuelDivestNYC-001
NYC Mayor Bill de Blasio - Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the City’s pension funds announced on January 10, 2018; a goal to divest City funds from fossil fuel reserve owners within five years, which would make New York City the first major US pension plan to do so. In total, the City’s five pension funds hold roughly $5 billion in the securities of over 190 fossil fuel companies. The City’s move is among the most significant divestment efforts in the world to date. (Photo by Erik McGregor)