Friday, December 22, 2017

New York delivers huge blow to the fossil fuel industry

New York just sent a big message to the fossil fuel industry. The state is freezing all fossil fuel investments and turning to renewable energy instead - and they are divesting almost $400 billion in public pension funds from fossil fuel holdings, according to Grist. Governor Andrew Cuomo's statement said the New York Common Fund has nearly $1 billion invested in ExxonMobil alone - but his office described such investments as risky "as both New York State and the world back away from the use of fossil...

from Inhabitat - Green Design, Innovation, Architecture, Green Building https://inhabitat.com/new-york-delivers-huge-blow-to-the-fossil-fuel-industry
via Inhabitat

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