divestment
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New York state considers cutting ties with major oil companies
New York State is on the brink of divesting over $1 billion from major oil companies, marking a significant move in fossil fuel divestment.
In short:
- New York State Comptroller Thomas DiNapoli is reviewing the state's pension fund investments in big oil companies like Exxon and Chevron.
- The state's pension fund, one of the largest in the U.S., has already limited investments in coal firms and smaller oil companies.
- This decision could set a precedent for other large institutions in addressing climate change through financial strategies.
Key quote:
"The idea that over a decade into this fight we’re having an argument, in an overwhelmingly Democratic state, over whether Exxon or Shell or Chevron are doing a good job on climate is sort of baffling."
— Mark Dunlea, chair of the Green Education and Legal Fund
Why this matters:
New York's potential divestment from big oil highlights the growing recognition of the financial risks associated with climate change and the role of institutional investors in driving sustainable practices.
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Photo by Willie Shaw on Unsplash
Pittsburgh in ‘extreme embrace’ with fossil fuel lobbyists, research finds
Dozens of governmental, educational, cultural and environmental organizations across the city of Pittsburgh have hired lobbying firms who work with planet-heating fossil fuel companies, new research shows.
| Stock Photo ID: 473720665 |
| Copyright: annastasiia7 |
If you’re worried about the climate, move your money
How you consume matters to the planet. How you invest does too.
Newsletter
| Stock Photo ID: 473720665 |
| Copyright: annastasiia7 |
If you’re worried about the climate, move your money
How you consume matters to the planet. How you invest does too.
Big Stock Photo
New York University will divest from fossil fuels in win for student activists
One of largest private universities in US, with endowment of over $5bn, takes steps to address climate crisis after years of student protest.
At Case Western, student activists want the administration to move more decisively on climate change
As the fall semester approaches, student groups at Case Western Reserve University in Cleveland continue pushing for divestment from fossil fuels, among other environmentally conscious measures, as part of a larger movement that has extended throughout the nation’s college campuses.
Newsletter
One person stopped California’s divestment from fossil fuels — again
Assemblymember Tina McKinnor refused to take up the bill in a committee, for the second year in a row, as divestment movement grows.
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