NYC taking steps to divest pension fu...

NYC taking steps to divest pension funds of fossil fuels

New York City officials are citing climate change as their motivation to join a growing number of investors ridding themselves of financial interest in fossil fuels. Democratic Mayor Bill de Blasio and Comptroller Scott Stringer are set to announce plans on Wednesday to divest the city's five pension funds of roughly $5 billion in fossil fuel investments out of its total of $189 billion.

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