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NY pension funds to vote against Amazon directors

New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment

New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.

NY State Common and NY City Pension Funds make plans to cease fossil fuel investments

Both the $200 billion New York State Common pension fund and the $181 billion New York City Pension Funds are to consider ceasing new investments in fossil fuels, their trustees have said.