NYC and NYS pension funds

IEEFA Research

Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change

Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change

NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change (pdf)

May 8, 2014 Read More →

More News and Commentary

Two New York City pension funds to divest fossil fuel holdings

Pensions and Investments: Two of the five pension funds in the New York City Retirement Systems will divest an estimated $4 billion in securities related to fossil fuel companies, city officials said Monday. Boards of the $77.4 billion New York City Employees’ Retirement System and the $91.4 billion New York City Teachers’ Retirement System voted […]

January 26, 2021 Read More →

IEEFA: NYS Comptroller DiNapoli’s bold divestment plan may inspire investors to follow suit

Divestment option should be emulated by other major funds

New York State Comptroller Thomas P. DiNapoli, who heads one of the largest public pension funds in the U.S., concluded 2020 with a bold investment decision on fossil fuels. He will hold the entire industry to higher standards regarding climate change and establish broader scrutiny of a pension portfolio with holdings that span the entire economy in a […]

January 7, 2021 Read More →

IEEFA: New York State Comptroller DiNapoli takes the lead on fossil fuel divestment

State pension fund valued at $226 billion aims for net zero carbon target by 2040

New York State Comptroller Thomas P. DiNapoli took a bold step this week by moving to end investments in the riskiest oil and gas stocks—those unable or unwilling to get out of fossil fuel production. For many years, fossil fuel investments provided strong returns, ensuring that the state pension fund was solvent and retirees were […]

December 10, 2020 Read More →
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IEEFA: New York State pension fund sets net-zero carbon emissions target

Fund valued at $226 billion, move signals investor shift away from fossil fuels

December 9, 2020 (IEEFA U.S.)  – In response to New York State’s announcement on Wednesday that its pension fund, one of the world’s largest, has set a net zero carbon emissions target for its investment portfolio by 2040, the Institute for Energy Economics and Financial Analysis (IEEFA) released the following statement. “IEEFA applauds New York […]

New York’s state pension fund to divest most fossil fuel stocks in coming five years

The New York Times: New York State’s pension fund, one of the world’s largest and most influential investors, will drop many of its fossil fuel stocks in the next five years and sell its shares in other companies that contribute to global warming by 2040, the state comptroller said on Wednesday. With $226 billion in […]

December 9, 2020 Read More →

New York state pension fund considering divestment from 27 coal companies

Reuters: New York state’s top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months. The reviews by the third-largest U.S. state pension system, with $211 billion under management, could set the tone for other retirement plans facing public […]

January 29, 2020 Read More →

U.S. pension funds push big utilities to adopt carbon-free generation plans

Reuters: Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already made executives and directors receptive to the goal. Investors including New York City Comptroller Scott Stringer, who […]

March 4, 2019 Read More →

ExxonMobil seeks to block shareholder vote on climate risk

Reuters: ExxonMobil Corp is trying to block an investor proposal that calls on the world’s largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two of the investor groups involved said on Sunday. Exxon in late January wrote to the U.S. Securities and Exchange Commission that the proposal, which is […]

February 25, 2019 Read More →

Divestiture Movement, Deepening Distress of Coal Industry, Emerging Battles Over Solar, Overbuilding of Shale Gas Pipelines Highlight IEEFA Energy Finance 2016 Conference in New York City

Panelists From Deutsche Bank, Moody’s, S&P Capital IQ, New York Mayor’s Office, CalSTRS, Massachusetts Attorney General’s Office, Bloomberg New Energy Finance, Norwegian Parliament

COLUMBIA UNIVERSITY, MARCH 14-16; EXPERTS FROM EUROPE, ASIA, AUSTRALIA,  AND THE AMERICAS NEW YORK, Feb. 29, 2016 — The Institute for Energy Economics and Financial Analysis (IEEFA) today announced a 2016 conference lineup that includes leading energy finance experts, industry regulators, institutional investors, activists, market analysts and commentators from around the world. The conference, Energy […]

February 29, 2016 Read More →

A Shakeout Begins for U.S. Shale-Oil Producers

When we published a report nine months ago urging New York State pension funds to divest from increasingly risky coal stocks, we wondered if there might be a similar case to be made broadly for investors in shale-oil companies. It turns out there is. Mark Lewis, a senior analyst at Kepler Cheuvreux, the investment-advisory firm […]

January 12, 2015 Read More →