Days after 30+ organization sent a letter to NYC Mayor DeBlasio supporting divestment from DAPL, and 100+ New Yorkers took action urging divestment from all fossil fuels, the NYC Mayor and Comptroller speak out against funding dirty pipelines with NYC pension investments
Divest New York from Fossil Fuels
We ♥ NY. But what we don't love is New York's investments in fossil fuel companies driving climate destruction. It's time to divest New York.
To New York Comptrollers DiNapoli and Stringer:
We want you to do more for our climate future. It’s time to divest New York’s pension funds from fossil fuels. Direct the six New York State and City pension funds, in total $350 billion, to:
- Immediately stop any new investments in the top 200 fossil fuel companies,
- Drop coal, oil and gas from your investment portfolio by divesting from the top 200 fossil fuel companies by 2020, and
- Commit to and prioritize reinvesting at least 5 percent of your portfolio into climate solutions defined as, but not limited to, renewable energy, energy efficiency, clean technology, community adaptation funds, transit, and clean energy access.