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Primary Reason for NYC Fossil Fuel Divestment Policy by 2024?
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Resolution / Starting Odds
Environmental Concerns • 25%
Financial Risk • 25%
Public Pressure • 25%
Political Strategy • 25%
Statements from NYC Comptroller's office or official documents outlining the policy
Story
NYC Comptroller Lander Announces USA’s First Fossil Fuel Divestment Policy
Oct 22, 2024, 04:56 PM
New York City Comptroller Brad Lander has announced a groundbreaking initiative to end future investments by the city’s public pension funds in private equity funds that finance midstream and downstream fossil fuel infrastructure, including oil and gas pipelines and LNG terminals. This decision is part of a broader commitment to reduce greenhouse gas emissions and address climate concerns. Lander's plan marks the USA’s first divestment policy of its kind by a public pension fund. The initiative has been supported by various grassroots organizations, including NYChange, Climate Families NYC, and 350NYC.
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NYCERS • 25%
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Other/None • 25%
Environmental Sustainability • 25%
Public Health • 25%
Political Pressure • 25%
Economic Reasons • 25%
Public Safety (FDNY, NYPD) • 25%
Sanitation Services • 25%
Transportation • 25%
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