The city of New York’s pension funds hold about $5 billion in investments in fossil fuel companies, which are going gangbusters these days. But last week the Mayor, Bill de Blasio, announced a goal to divest City funds from fossil fuel reserve owners within five years, which is a great move; TreeHugger has noted for years that fossil fuel divestment is key to climate progress.
New York City’s Mayor de Blasio to divest from big oil and sue the companies
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