Statement from NYC Comptroller Scott M. Stringer on De-carbonizing the NYC Pension Funds

“Today, I’m announcing that my office will bring a proposal to the trustees of the NYC pension funds in the coming weeks to examine ways to de-carbonize the portfolios, including the feasibility of ceasing additional investments in fossil fuels, divesting current holdings in fossil fuel companies, and increasing investments in clean energy.

“I will work with our trustees to review any and all proposals that will safeguard the pension funds. As Comptroller, I will continue in my fiduciary duty to protect the fiscal health of the City and the retirement security of our City workers and beneficiaries.”

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