Finance
Three NYC Pension Funds to Divest $4 Billion From Fossil Fuels
This article is for subscribers only.
Three of New York City’s five public employee pension funds are divesting $4 billion from securities related to fossil-fuel companies.
Pensions for teachers, school administrators and civil servants voted to divest their holdings, according to a statement Monday from Mayor Bill de Blasio, Comptroller Scott Stringer and retirement board trustees. Police and fire department pension funds haven’t voted to divest.