Pensions
New York City Takes ‘Major Next Step’ on Fossil Fuel Divestments
City hires Meketa Investment Group to develop divestment plan by end of year, citing federal inaction on climate change.
The city’s five public pension funds have a property portfolio worth $18 billion.
Pension system’s deputy CIO explains why the markets ‘bounced back.’
Institutional group wants the top 20 public power companies to make good on Paris Agreement goals.
The city’s five pension plans are major stockholders in the company that is escaping from New York.
Pensions seek to standardize information money handlers provide in future memos.
Pension funds are looking for expert advice on how to extract fossil fuels from portfolios.
Comptroller says alleged abuses and human rights violations made the investment both immoral and risky.