NATURAL RESOURCES DEFENSE COUNCIL • December 9, 2020
In a historic move, New York State announced it will divest its $225 billion Common Retirement Fund from fossil fuels—among the largest pension fund divestments ever undertaken in the nation. As part of the plan, NYS Comptroller Thomas DiNapoli announced an aggressive schedule of divestment activity over the next four years. This year already, the Common Fund has divested from 22 coal companies. In the next few months, it will divest from companies with tar sands investments. After that, over the next several years, it will divest from other subsectors of the fossil fuel industry.