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19

Cuomo Urges New York Pension Fund to End Fossil-Fuel Investments

By Tony Seruga

New York Governor Andrew Cuomo on Tuesday called on the $201.3 billion New York State Common Retirement Fund to stop all significant fossil-fuel investments and develop a plan to “de-carbonize” the portfolio.

“Moving the Common Fund away from fossil-fuel investments will protect the retirement savings of New Yorkers,” Cuomo said in a statement. He cited recent moves by the Norwegian sovereign wealth fund to divest fossil fuels and the World Bank’s announcement that it will stop financing oil and gas exploration within two years…

Cuomo Urges New York Pension Fund to End Fossil-Fuel Investments

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