New York Governor Seeks Fossil-Fuel Divestment, But Comptroller Has Other Plans

Gov. Andrew Cuomo said he will push for the state pension fund to divest from fossil-fuel companies, but the official who controls the fund says the best way to address climate change is by leveraging shareholder power.

The governor is creating a plan for divesting the New York State Common Retirement Fund from fossil-fuel investments as part of his 2018 agenda, he said. Mr. Cuomo said he plans to detail this and other initiatives in his Jan. 3 State of the State speech.

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