So you say you’re divesting from fossil fuels? Prove it. 

Climate Economy

So you say you’re divesting from fossil fuels? Prove it. 

by Frank B. Gibney Jr. | Apr 09, 2021

New York City trumpeted a big plan to green its pension fund investments. We tried to find out how, and apparently the divestment details are … confidential. BY FRANK GIBNEY AND PETER MCKILLOP In January, the City of New York announced with great fanfare that its massive public service retirement fund would jettison $4 billion worth of fossil fuel-related stocks and bonds. A month earlier, New York State announced an even more ambitious plan — to rebalance the entire $225 billion portfolio for its Common Retirement Fund to reflect a…

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