Sentences with phrase «divesting funds»

Coming on the heels of last week's announcement to abandon the Paris Climate Accord, a group of leading national social change organizations today announced they are divesting funds from «pipeline banks» and instead banking in alignment with their values.

DiNapoli and previous comptrollers have used the fund as a vehicle for social change in the past, divesting funds from South Africa during the apartheid era, and from tobacco companies, as well as freezing and then ending investments in guns manufacturers after the Sandy Hook Elementary School shooting.

But DiNapoli says conservatives praised him when he divested funds in companies that did business in Iran and the Sudan.

Carbon - divested funds are much newer and so it is harder to know how they are likely to do.

The university will also divest any funds currently invested in them.

Not exact matches

Tutu, a Nobel peace prize - winner, joined with other Nobel laureates this week to demand that the $ 350m Nobel foundation fund divest from fossil fuels.

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.

As a result, the banks argue they would be forced to divest themselves of any ownership interests or sponsorships of Canadian mutual funds, lest they risk running afoul of the Volcker rule.

National Australia Bank's MLC - home to the country's largest retail superannuation fund and $ 199 billion in assets under management - officially joined the bulging list of financial services sector initial public offering candidates on Thursday morning, when NAB chief executive Andrew Thorburn flagged intentions to divest the business.

Previously, he was director of exchange - traded funds at FactSet Research Systems, a position he took when ETF.com divested itself of its ETF data business.

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:

Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

The American Federation of Teachers (AFT) is calling on school pension fund managers to divest of companies that make «assault weapons.»

With US$ 650 million funds under management currently (US$ 1.7 billion cumulative to date), we have invested in more than 480 companies and divested over 400 companies of which more than 110 have been publicly listed.

Last month, Democratic New York Gov. Andrew Cuomo announced plans to have the state pension funds also divest from fossil fuel investments.

A hedge fund says the Japanese conglomerate need no longer divest its $ 18 bln memory unit after raising $ 5 bln in equity.

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.

A full - throated campaign has taken root at the University at Buffalo, calling on officials to divest endowment funds from fossil fuel companies, as several universities around the country already have done.

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.

UJA - Federation of New York lauds Governor Cuomo for directing state entities to divest all public funds supporting BDS.

«UJA - Federation of New York applauds Governor Cuomo for being the first governor in the nation to issue an executive order directing state entities to divest all public funds supporting the Boycotts, Divestment and Sanctions (BDS) campaign against Israel,» said UJA Federation of New York CEO Eric S. Goldstein in a statement.

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.

«Scott Stringer and the Board of Trustees must choose a side: to continue funding climate change through investments in companies like Exxon, or to take action on climate, divest and reinvest to save our future and beloved communities.»

ALBANY — With fanfare, Comptroller Tom DiNapoli announced last summer that the state's retirement fund had divested itself from nine companies doing business in Iran and Sudan.

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.

Divesting from Massey would send a loud and clear message that the NY State Common Retirement Fund is concerned with both workers» safety and an improved quality of life for all, making it a model of integrity, sound management and ethical investing throughout the country.

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.

Gov. Andrew Cuomo on Sunday signed an executive order that would divest state funds from entities and companies participating in a campaign to boycott, divest and sanction Israel.

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.

Also at 11 a.m., Sen. Liz Krueger and Assemblyman Felix Ortiz host a forum on divesting the State Common Retirement Fund from fossil fuel holdings, Legislative Office Building, Room 944A, Albany.

«Rather than give up its seat at the table by divesting, the fund leverages its role as a large institutional investor to push for improved corporate behavior and accountability.»

The Green Party has long supported the call for New York State to divest state funds from Israel.

Citing the environmental, economic and political ramifications of President Donald Trump's pullout from the Paris climate accord — as well as the perilous effects of inconsistent weather and more intense storms that have already befallen their cities and counties — more than 200 New York officials on Monday called on state Comptroller Thomas DiNapoli to divest the state Common Retirement Fund of companies that contribute to man - made climate change.

The worldwide push for government entities to drop investments in fossil fuels comes home to roost in the Empire State: this week New York legislators, led by Senator Liz Krueger, introduced the Fossil Fuel Divestment Act, which would require Comptroller Tom DiNapoli to divest the Common Retirement Fund's holdings in the top 200 fossil fuel companies by 2020.

Recently, the Rhode Island State Investment divested pension funds from Third Point LLC, a hedge fund owned by StudentsFirstNY board member Daniel Loeb.

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.