The Fossil Fuel Divestment Act would do what State Comptroller DiNapoli has refused to for years: responsibly divest New York State's $210 billion pension fund from fossil fuel companies.
Support for the Fossil Fuel Divestment Act is building in the NYS Assembly. Sign here to urge all Assembly Members to support the Act, and encourage their colleagues to do so as well.
Right now, $10 billion of New York public monies are invested in fossil fuels. These investments are driving the construction of new fracked gas projects, and putting our state at greater risk of climate disasters like Superstorm Sandy and heatwaves — all of which disproportionately affect low-income communities and communities of color. Besides being bad for the climate, these are increasingly risky investments, losing the pension fund billions of dollars
Public money shouldn’t be used to harm New Yorkers. It's time for the state legislature to mandate the divestment of the state pension fund by passing the Fossil Fuel Divestment Act.