31 Dec '17, 5pm

Cuomo Calls On N.Y. Fund To Cease Fossil-Fuel Investments - Solar Industry

Cuomo Calls On N.Y. Fund To Cease Fossil-Fuel Investments - Solar Industry

Gov. Andrew M. Cuomo, D-N.Y., recently unveiled the ninth proposal of the 2018 State of the State: a plan for divesting the New York State Common Retirement Fund from significant fossil-fuel investments. The fund, which is one of the largest public pension plans in the nation, manages over $200 billion in retirement assets for more than 1 million New Yorkers. Specifically, according to the New York State Energy Research and Development Authority (NYSERDA), the proposal calls for ceasing all new investments in entities with significant fossil fuel-related activities. In addition, Cuomo and Thomas DiNapoli, New York State’s comptroller, will work together to create an advisory committee of financial, economic, scientific, business and workforce representatives. The committee will serve as a resource for the Common Retirement Fund to develop a de-carbonization roadmap to inve...

Full article: https://solarindustrymag.com/cuomo-calls-n-y-fund-cease-f...

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