Municipal Government

Roundtable on Fossil Fuel Divestment

October 24, 2016
By Stephanie West

Thomas DiNapoliBy Stephanie West

New York, NY – On Friday, October 28th, from 10am to 12pm, at Baruch College, 151 E 25th St., in Manhattan, an important roundtable discussion is planned – divesting New York State’s pension fund from fossil fuels.

Representatives from the office of New York State Comptroller Thomas DiNapoli will be joined by a panel of financial and investment experts for a moderated discussion on the fiduciary implications of divesting New York State’s pension fund from fossil fuels. In the face of rapidly accelerating climate change and increasingly strong action by local and national governments to reduce greenhouse gas emissions, questions have been raised about the future profitability of fossil fuel companies. Concerns about “stranded assets” and lack of transparency, along with a global divestment movement led by environmental organizations like 350.org, has resulted in nearly six hundred organizations divesting from fossil fuels. These organizations include universities, faith-based organizations, non-profits, municipalities, philanthropic organizations, and national and state pension funds, controlling over $3.4 trillion in assets.

The roundtable is free and open to the public. It will take place on Friday, October 28th, from 10am to 12pm, at Baruch College, Rackow Room #750, 151 E 25th St., in Manhattan. RSVP at http://tinyurl.com/zexphmr. Alternatively, email flagg@nysenate.gov or call 212-490-9535.

October 23, 2016

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