Cuomo: NY pension fund should end fossil fuel investments

New York Gov. Andrew Cuomo says the state's pension fund should pull its investments in fossil fuels.

Posted: Dec 20, 2017 9:18 AM

ALBANY, N.Y. (AP) - New York Gov. Andrew Cuomo says the state's pension fund should pull its investments in fossil fuels.


The Democrat announced the idea Tuesday. It's long been a goal of many environmental advocates, who say the state shouldn't invest in fossil fuel companies when it's working to reduce its carbon emissions.

Cuomo says he wants to work with state Comptroller Thomas DiNapoli to study the more than $200 billion fund and divest from any "significant" fossil fuel investments. The governor says the move would send a strong message to financial markets that New York is committed to renewable energy and sustainable economy.

Under his proposal the state would also look for ways to boosts investments in clean energy. The plan will be detailed in Cuomo's state of the state address next month.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

New York Coronavirus Cases

County data is updated nightly.

Cases: 1268692

Reported Deaths: 41368
CountyCasesDeaths
Queens1586837871
Kings1555098073
Suffolk1285802603
Nassau1149692563
Bronx1062535275
Westchester850201806
New York759653449
Erie522281381
Richmond451561384
Monroe44318769
Rockland31884810
Orange28848656
Onondaga27755533
Oneida16811349
Dutchess16757319
Albany16343257
Niagara12143244
Broome11108259
Saratoga926782
Schenectady8660127
Ulster7745192
Rensselaer6874104
Putnam652174
Chemung5603108
Chautauqua560163
Oswego491469
Ontario473082
Steuben4595131
Cayuga443270
Sullivan384149
Wayne368852
Genesee366499
St. Lawrence363060
Herkimer360357
Cattaraugus340061
Jefferson321423
Madison314976
Livingston270440
Tompkins265723
Cortland264254
Columbia249571
Allegany236675
Montgomery223075
Tioga220654
Clinton218018
Wyoming217443
Fulton211353
Warren206240
Greene205859
Orleans191969
Chenango175842
Otsego167123
Washington150224
Lewis149524
Seneca123246
Franklin11479
Delaware100920
Essex98019
Schoharie8975
Yates82617
Schuyler71610
Hamilton1461
Unassigned46109
Out of NY0165
Rome
Cloudy
24° wxIcon
Hi: 24° Lo: 23°
Feels Like: 11°
Binghamton
Cloudy
21° wxIcon
Hi: 26° Lo: 23°
Feels Like: 8°
Rome
Cloudy
24° wxIcon
Hi: 26° Lo: 25°
Feels Like: 11°
Rome
Cloudy
24° wxIcon
Hi: 19° Lo: 16°
Feels Like: 11°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
2021 Golfer's Paradise Card - 21 Courses for only $99.99
Saluting Those Who Are Proud 2 Serve