Divesting from Big Oil a tough sell — even in the bluest cities and states

March 7, 2018


Danielle Muoio

NEW YORK — National environmental advocates flanked Bill de Blasio in January as the mayor announced the first steps toward stripping $5 billion in New York City pension fund investments from Big Oil. Fossil fuel corporations have profited from “horrible, disgusting” practices, de Blasio said, and New York has to be a “beacon to the world. … We have to show it can be done.”

But de Blasio’s proposal — which was not actually to divest, but to simply study its effects — immediately drew skepticism from New York City’s five pension boards, which worried that dropping oil and gas stocks would hurt their retirees’ financial futures. The police pension board quickly rejected the idea. The firefighters’ board tabled the notion. Trustees on the other three boards approved the study, but still expressed wariness.

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Rod Watson: Report underscores need to mandate affordable housing

The Buffalo News

Rod Watson

If city officials needed any more evidence that Buffalo needs an inclusionary zoning policy to ensure that low- and moderate-income renters aren’t priced out of the city’s revival, the proof comes in a new report on the "rent affordability crisis" here and in the state’s other large...

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