DiNapoli in a separate statement broadly backed the goal of discussing the divestment push through the creation of an advisory council, but said there were no immediate plans to
divest from fossil fuel companies at this point.
Equally notable in the new zeitgeist, Newsweek recently reported that HSBC — the world's third largest bank — wrote a private note to its clients advising them to
divest from fossil fuel companies because of increasing risks they will become «economically non-viable.»
And so there's a campaign underway to convince state and local pension funds, public and private institutions, education institutions, to
divest from fossil fuel companies with the goal like all the other initiatives we're talking about to weaken and eventually destroy our industry.
How the state should (and if it can)
divest from fossil fuels companies is now on Comptroller Tom DiNapoli's plate for the new year.
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.
At the United Nations COP21 climate conference of 2015, RBF was touting a new report that investors across the world with $ 3.4 trillion in assets have pledged to
divest from fossil fuel companies.
This week, 35 catholic organizations and institutions announced their decision to
divest from fossil fuels companies, recognizing the impact of those rouge companies on people on the margins of society.
State pensions must
divest from fossil fuel companies, and a Green Energy Development Bank to leverage public and private funds toward clean energy investment is to be created.
In this regard, they invoke previous divestment campaigns, such as those targeting apartheid South Africa and the tobacco industry, and argue that
divesting from fossil fuel companies is a moral act.
I am calling on every member of the congressional black caucus to turn their checks back over and to
divest from the fossil fuel companies.
And, they will
divest from fossil fuel companies.
Nearly 700 institutions and 58,400 individuals representing at least $ 5 trillion in assets have
divested from fossil fuel companies, one group promoting and tracking the divestment movement reported in December.