350NJ-R has a Rockland Divestment Committee that is part of a coalition called Divest NY. Divest NY got NY City to commit to divestment in December, 2017—a major achievement for the divestment movement.
The coalition is now focused on getting the NY State Common Retirement Fund, which is valued at $210 billion, to divest approximately $6 billion from fossil fuels (it has a $1 billion stake in Exxon alone!). Governor Cuomo has come out in favor and the Fossil Fuel Divestment Act has been introduced in the Senate (S.2126-Krueger) and the Assembly (A.1536-Ortiz). The bill has nearly 60 co-sponsors.
In NY, Comptroller Tom DiNapoli is the sole trustee of the pension fund, meaning he has unilateral authority to divest. He has refused, arguing that he can have be more effective in the fight against climate change shareholder action. This approach has produced nothing!
So the coalition continues to pressure DiNapoli through public demonstrations, lobbying legislators, letters to the editor, and grassroots efforts. You can help by calling or emailing DiNapoli and urging him to divest the pension fund from fossil fuels (518-474-4044 or [email protected]).
Email us at [email protected] if you’d like to participate in this campaign!