NYC Comptroller Expands Divestment From Fossil Fuels

On Tuesday October 22, New York City Comptroller Brad Lander announced a plan to develop a new policy to exclude prospective private markets investments in downstream and midstream fossil fuel infrastructure for the portfolios of three of the City’s public pension systems, expanding upon prior divestment actions. This would make the NYC funds the first pension systems in the country known to do so. Lander’s decision stands in marked contrast to the decision by NYS Comptroller Tom DiNapoli in February of this year to reverse his commitment to divest after determining the most of the major gas and oil companies were now committed to effective climate action. We hear from Lander, high school student and Friday for Future organizer Lena Goings, and Doreen Fulvio, a city pensioner active with 350NYC.