Archive

  • NYC pension funds divest $3bn of fossil fuel assets

    23 December 2021

  • NY State Pension Fund to divest from 'risky' oil and gas companies

    09 December 2020

    The $226 billion New York State Common Retirement Fund is moving to divest from the 'riskiest' oil and gas companies by 2025 and has committed to full decarbonisation by 2040.

  • Investors urge Federal Reserve to tackle climate risk

    23 July 2020

    Investors with nearly $1 trillion in assets under management have signed a letter to US Federal Reserve chairman Jerome Powell demanding action to address climate change as a systemic financial risk.

  • NYC pension fund calls on insurers to divest from coal

    27 April 2020

    The New York City Comptroller, who oversees the city's $218 billion pension fund, has called on three major US insurers to stop insuring and divest from coal.

  • $1.8trn investor group urges US utilities to set net-zero carbon deadline

    01 March 2019

    Investors representing a combined $1.8 trillion in assets have demanded that the 20 largest publicly traded electricity utilities in the US commit to achieving net-zero carbon emissions.

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

    11 January 2018

    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.

  • CalPERS warns Elliott about short-termism on NRG

    21 August 2017

    US pensions giant CalPERS has warned NRG Energy against short-termism as the independent power producer works with activist shareholder Elliott Advisors to implement its new transformation strategy.

  • Major investors call on banks to re-route Dakota pipeline

    20 February 2017

    A group of major investors has called on banks involved in the Dakota Access Pipeline (DAPL) to re-route it so that it does not cross Native American treaty land.

  • It's time for New York to issue green bonds, says city comptroller

    21 April 2015

    The time is ripe for New York City to divert some of its $10-$15 billion of annual debt issues into green bonds, said comptroller Scott Stringer.

  • New York City set to be 'first US city' to launch green bond programme

    29 September 2014

    New York City expects launch a green bond programme, following in the footsteps of Ontario and Gothenburg.