New York's US$226B pension fund to divest from oil and gas

THE New York State Common Retirement Fund (NYS-CRF), worth US$226 billion, has announced it will divest from supermajors such as ExxonMobil by 2025 in a goal to reach net-zero emissions across its portfolio by 2040.

New York's US$226B pension fund to divest from oil and gas New York's US$226B pension fund to divest from oil and gas New York's US$226B pension fund to divest from oil and gas New York's US$226B pension fund to divest from oil and gas New York's US$226B pension fund to divest from oil and gas

New York State comptroller Tom DiNapoli said this would involve a four year review of investment in energy sector companies using minimum standards to assess transition readiness.