After years of people powered campaigning, New York State’s Common Retirement Fund, valued at over $226 billion, has decided to divest from the riskiest fossil fuel companies.
In addition, State Comptroller Tom DiNapoli has announced a plan that will decarbonize the fund by 2040. This is a historic moment — New York State is the largest pension fund in the world to take this kind of bold and comprehensive climate action.
Will you send a note to thank Comptroller Tom DiNapoli for his climate leadership?
Thank New York State Comptroller Tom DiNapoli for committing to #DivestNY!
Thank you for showing bold leadership with your recently announced climate plan for New York State’s $226 billion pension fund to review and divest from its riskiest oil and gas companies. Your systematic review of all fossil fuel companies and commitment to divest from those that fail to have adequate transition and climate plans, plus your commitment to decarbonize the pension fund by 2040, are the boldest steps yet taken by a pension fund and make you a true climate hero.
As we mark the 5th anniversary of the Paris Climate Accord, action from pension funds, banks and other financial institutions is critical to getting our world on a path toward stopping the climate crisis. The world needs more climate finance champions like you to lead, and we hope you will urge your colleagues in the finance world to follow your lead.
Thank you again for your leadership. I look forward to celebrating your ongoing fossil fuel reviews, divestment actions and your progress toward full decarbonization of the New York State pension fund.