New York State pension fund to ‘decarbonise’ by 2040

Fund to begin divesting from the riskiest fossil fuel companies and will be carbon free by 2040

New York State Comptroller Tom DiNapoli
New York State Comptroller Tom DiNapoli

New York State Comptroller Tom DiNapoli announced today that the $226bn (€186.7bn) New York State Common Retirement Fund is “moving to divest from the riskiest oil and gas companies by 2025 and decarbonise by 2040”.

“Achieving net-zero carbon emissions by 2040 will put the Fund in…

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