Sentences with phrase «divested pension»
Recently, the Rhode Island State Investment divested pension funds from Third Point LLC, a hedge fund owned by StudentsFirstNY board member Daniel Loeb.
http://www.studentsfirstny.org/
One example cited several times was Mr. de Blasio's proposal for New York City to divest its pension funds from coal, a top priority for environmentalists nationwide.
Citing the rising sea levels that threatened cityâ $ ™ s neighborhoods, he said, «I believe that Seattle ought to discourage these companies from extracting that fossil fuel, and divesting the pension fund from these companies is one way we can do that.»
At least one big - city mayor, Mike McGinn of Seattle, said he planned to investigate how the city could divest its pension - fund holdings.
New York City is suing five of the largest oil companies over the billions of dollars it spends protecting the city from the effects of climate change, and it plans to divest its pension funds» $ 5 billion in assets involving fossil fuel producers, Mayor Bill de Blasio announced Wednesday.
In the financial capital of the planet, divesting pensions from fossil fuels would be a signal to everyone else that real change is really coming.»
#DivestNY is a broad coalition calling on New York's Comptroller Scott Stringer to divest our pension funds from dirty oil, gas and pipeline companies.
On the East Coast, the City of New York announced plans to divest its pension fund of fossil fuel assets, making it among the largest of investors to divest.
Not exact matches
The fossil fuel divestment campaign began on university campuses in 2011 but the new report reveals that concerns over investments in coal, oil and gas have now entered the financial mainstream, with more than 80 % of the funds now committed to divest being managed by commercial investment and pension funds.
Latest case in point comes from a NY Times report that de Blasio is trying to strong - arm trustees of NYC employee pension funds — who are supposed to be fiduciaries of their beneficiaries, not mayoral rubber stamps — into divesting from oil stocks:
The American Federation of Teachers (AFT) is calling on school pension fund managers to divest of companies that make «assault weapons.»
Climate change activists around the city, including the leader of a Sunset Park group, are praising a decision by the de Blasio administration to divest $ 5 billion in pension holdings from companies dealing in fossil fuel.
Last month, Democratic New York Gov. Andrew Cuomo announced plans to have the state pension funds also divest from fossil fuel investments.
-- «Calpers rejects plea to divest from carmakers over emissions,» by Bloomberg's Kate Smith: «The nation's largest pension system has rejected a call to divest from vehicle manufacturers that follow the president's agenda to roll back fuel efficiency standards, according to an April 20 letter.
Does it matter that the Evangelical Lutheran Church in America asks its Board of Pensions to divest itself of all securities of companies doing business in South Africa but at the same time signs a multimillion - dollar contract to purchase IBM computers for its entire headquarters?
Elected officials from across the state are strengthening their calls for the state pension system to divest from fossil fuels.
De Blasio is calling on all government pension funds to divest from assault weapon manufacturers.
New York City announced it filed a multibillion dollar lawsuit against five top oil companies, citing their «contributions to global warming,» as it said it would divest fossil fuel investments from its $ 189 billion public pension funds over the next five years.
Last year, after the mass shooting in San Bernardino, California, Mayor Bill de Blasio called on the other three of the city's five pension funds to further divest their holdings in companies that manufacture weapons and ammunition.
The board of the New York City Employees Retirement System, the city's largest pension fund, voted on Thursday to divest the $ 54.5 billion fund's holdings in companies that sell firearms, a spokesman for City Comptroller Scott Stringer said.
The measure would require the pension fund to stop investing in the world's top 200 fossil fuel companies in the next five years, and divest from coal companies within one year from when the law is passed.
Some lawmakers are pressing the state's comptroller to divest the state's pension fund from the fossil fuel industry.
The fossil fuel industry is knowingly profiting off the destruction of the planet; New York City and State pension funds must divest fully from fossil fuels.
Gov. Andrew Cuomo on Long Island with reporters on Wednesday said he wanted to back up the rhetoric about renewable energy with a push toward divesting the state's pension fund from fossil fuel companies.
New York, NY — Just one day before dozens of New Yorkers will take action at the New York City pension fund meeting calling for full divestment from fossil fuels, actor and environmentalist Leonardo DiCaprio added his voice, calling on New York to step into its leadership and divest from fossil fuels.
As a trustee of the City's largest public pension fund, I have repeatedly called for the divestment of all public pension dollars from gun retailers and manufacturers, and I am encouraged by the Mayor's call today to divest from assault weapon manufacturers.
A recent decision by the federal Department of Justice to scale back and eventually end the use of private prisons indirectly impacted New York City's pension funds, reducing holding values by millions of dollars and leading to renewed calls from activists for the city to divest from the for - profit corporations that operate these prisons.
Hours later, over 100 New Yorkers rallied at Comptroller Scott Stringer's office, delivering a divestment valentine with thousands of petition signatures urging the City's pension funds to divest coal, oil and gas holdings.
«My statement sought to do something Harry Wilson hadn't yet done: endorse the pension's existing policy divesting from energy companies that do business in Iran and Sudan,» said Jacobs.
«Divesting New York's pensions from fossil fuels is more important than ever.
Moreover, as recently as January, the New York City teacher pension fund divested holdings in five publicly traded firearms manufacturers, for investments valued at $ 13.5 million.
In accordance with the principles of the UN Global Compact, with respect to the protection of internationally proclaimed human rights, the pension fund has divested from the for - profit prison industry.
DiNapoli, a Democrat, has used the pension fund to throw some political weight around when it comes to social causes — think of the Chevron lawsuit, which is being challenged by former ethics watchdog David Grandeau, and the plan to divest from firearm manufacturers.
New York City has become the first major public pension system in the nation to fully divest from private prisons...
«For - profit prisons create a perverse incentive to lock away our citizens, especially from traditionally underserved minority communities, and today's announcement that our city's pension system will divest from this predatory industry is welcome.»
The fund is the third - largest in the nation, trailing California's two public pension systems, both of which have divested from some fossil fuel companies.
Over the past legislative session, the issue of divesting state pension funds of fossil fuel investments received considerable debate both in the State House and around Vermont.
We need Tom DiNapoli as State Comptroller and sole trustee of the pension funds to do the right thing and agree to divest, either voluntarily, or through state legislation.»
That study, conducted by the Comptroller's Office and outside consultants, found that divesting would add minimal or no risk to the Pension Funds» portfolios.
Mayor Bill de Blasio is calling on all government pension funds to divest from assault weapon manufacturers.
De Blasio said Friday that New York City pension funds have divested with the exception of the police, fire and education departments.
Recently, after over five years of community campaigning for New York to divest from fossil fuels, City Comptroller Scott Stringer and Governor Andrew Cuomo each released separate proposals to freeze all current fossil fuel investments, divest New York's public pension -LSB-...]
The board of the New York City Employees Retirement System, the city's largest pension fund, voted to divest the $ 54.5 billion fund's holdings in companies that sell firearms, a spokesman for City Comptroller Scott Stringer said.
New Jersey Gov. Chris Christie signed a law that prohibits the state's public worker pension fund from investing in companies that engage in the boycott of Israel and support the Boycott, Divest and Sanction movement.
Comptroller Scott Stringer said Thursday that New York City's pension funds had divested its investments in private prison companies, calling it the first such move by a major U.S. city.
She supports divesting the state pension fund of fossil fuel energy companies.
Meanwhile, the state comptroller says he's thinking of divesting the state's pension fund from investments in gun manufacturers.
Francisco Moya (D - Queens), speaking at a rally in midtown Manhattan with dozens of immigration and affordable housing activists, said he would soon introduce a bill to require the state to divest its more than $ 178 billion pension fund from corporations that back Trump's agenda — including banks that finance immigration detention centers, and contractors involved with the proposed U.S. - Mexico border wall.
«It's unacceptable for a health care company to put life - saving medicine out of people's reach by jacking up prices,» said Stringer, although he stopped short of saying the city pension funds would divest from Mylan.
This comes just two days before 350.org and allied groups gear up to issue a new challenge to New York State Comptroller Tom DiNapoli and New York City Comptroller Scott Stringer to divest the City and State pension funds from all fossil fuels.