28 State Senators have already signed on as sponsors of the Fossil Fuel Divestment Act to totally divest New York State from the largest fossil fuel companies.
11 Democratic Senators have yet to voice their support. Send an email to the 11 remaining Senators to ask them to support the Fossil Fuel Divestment Act.
New York State Comptroller Tom DiNapoli has blocked grassroots efforts to divest the state pension fund for years, keeping a total of $13 billion invested in oil, coal and gas — all major contributors to climate change.
Meanwhile, New Yorkers are suffering from the impacts of new fracked gas pipelines and power plants, as well as worsening climate disasters like Superstorm Sandy, especially in low-income communities and communities of color.
It's time to go around DiNapoli and pass the New York Fossil Fuel Divestment Act, which would totally divest the state’s $200 billion public pension fund from the largest fossil fuel companies.
Email the 11 holdout senators to demand they support the Fossil Fuel Divestment Act.
Fossil fuel companies are becoming an increasingly financially risky investment. If the Comptroller had divested a decade ago, the New York State pension fund would be $22 billion richer today. In spite of this, DiNapoli continues to hold on to $13 billion in oil, coal and gas investments — enough money to fund the Williams NESE fracked gas pipeline 13 times.
The real return on DiNapoli’s dirty energy investments are climate disasters like Superstorm Sandy and the poisoning of local communities’ air and water — both of which disproportionately affect low-income communities and communities of color.