Three of the city’s municipal pension funds would divest from private funds with holdings in midstream and downstream fossil fuel facilities under a proposal announced Tuesday by city Comptroller Brad Lander, the steward of the city’s public pension funds.
The New York City Employees’ Retirement System, Board of Education Retirement System and Teachers’ Retirement System’s infrastructure and private equity portfolios would no longer invest in pipelines, distribution facilities, liquid natural gas facilities and other fossil fuel infrastructure, Lander said during a press event announcing the divestment effort.
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