Climate-change activists scored their biggest victory yet in their campaign against “Big Oil” with the announcement Jan. 10 by Mayor de Blasio and City Comptroller Scott Stringer that the city’s five pension funds, worth collectively close to $190 billion, will divest from fossil-fuel companies.
According to a statement issued by the two men, the sell-off of $5 billion in stocks and bonds in 190 fossil-fuel companies is one of “the most significant divestment efforts in the world to date.”
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