FOSSIL FUELS DIVESTMENT $5 BLN
RBF - New York City Mayor Bill de Blasio and Comptroller Scott Stringer announced plans to divest the city's five pension funds of approximately $5 billion in fossil fuel investments in an effort to safeguard the retirement plans of the city's employees from the threat of underperforming assets. The total size of the retirement funds, $189 billion, makes New York City the largest American municipality to divest to date.
The Rockefeller Brothers Fund began aligning our endowment with our mission, making a divestment announcement in 2014, and the process…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.