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Unions Remain Split On Fossil-Fuel Divestment

Posted 1/29/18

An announcement by Mayor de Blasio and City Comptroller Scott Stringer in early January that the city’s five pension funds would divest from fossil-fuel companies over climate change is getting pushback from key pension-board members.

Teamsters Local 237 President Gregory Floyd, a trustee of the New York City Emploees’ Retirement System, said in a phone interview Jan. 23 that the divestment announcement was “vintage de Blasio—all headlines, no substance, and results to be seen.”

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