pension funds

New York City Pension Funds Cutting Some Upstream Natural Gas Investments

New York City Pension Funds Cutting Some Upstream Natural Gas Investments

Trustees for New York City’s two largest pension funds have approved a plan to divest from some upstream natural gas, oil and coal companies by 2025.  Led by Comptroller Brad Lander, trustees are ready to implement plans to achieve net-zero emissions by 2040 in the New York City Employees’ Retirement System (NYCERS) and the Teachers’…

April 12, 2023
New York City Pension Funds OK Cutting Fossil Fuel Investments Within Five Years

New York City Pension Funds OK Cutting Fossil Fuel Investments Within Five Years

New York City’s largest pension funds on Monday voted to pull their money from fossil fuel investments within five years, portfolios that hold an estimated $4 billion in securities. Mayor Bill de Blasio, Comptroller Scott M. Stringer and trustees of two of the city’s pension funds said the plan is to cut off money for…

January 25, 2021