{"id":3601,"date":"2020-12-09T14:49:14","date_gmt":"2020-12-09T14:49:14","guid":{"rendered":"https:\/\/world.350.org\/pittsburgh\/?p=3601"},"modified":"2022-05-05T14:01:36","modified_gmt":"2022-05-05T14:01:36","slug":"dinapoli-commits-new-york-state-pension-fund-to-net-zero-emissions-portfolio-by-2040","status":"publish","type":"post","link":"https:\/\/world.350.org\/pittsburgh\/dinapoli-commits-new-york-state-pension-fund-to-net-zero-emissions-portfolio-by-2040\/","title":{"rendered":"DiNapoli commits New York state pension fund to net-zero emissions portfolio by 2040"},"content":{"rendered":"<p class=\"byline\">By <a class=\"url fn\" href=\"https:\/\/www.politico.com\/states\/new-york\/staff\/marie-j-french\" target=\"_top\" rel=\"author noopener noreferrer\">MARIE J. FRENCH<\/a><time datetime=\"2020-12-09 08:59:33\"> 12\/09\/2020, Politico.<\/time><\/p>\n<p>ALBANY \u2014 Comptroller Tom DiNapoli has set a target of getting the state\u2019s $226 billion pension fund\u2019s portfolio to net-zero emissions by 2040 and outlined the most detailed path to date on reviewing \u2014 and potentially divesting from \u2014 fossil fuel companies.<\/p>\n<p>The fund\u2019s new plan, announced Wednesday, builds on DiNapoli\u2019s previous commitment to review the fund&#8217;s portfolio for climate risks, and has been fully embraced by advocates and legislators who had called for full-scale divestment. The 2040 decarbonization target is 10 years sooner than any other U.S. pension fund, according to advocates, marking a major victory and makes New York&#8217;s one of the largest funds in the country pursue this level of divestment.<\/p>\n<p>&#8230;<\/p>\n<p>DiNapoli, who in previous years has warned of the difficulties involved with divestment, announced a <a href=\"https:\/\/subscriber.politicopro.com\/article\/2019\/06\/06\/dinapolis-plan-to-assess-pension-fund-for-climate-change-risks-will-not-prioritize-divestment-1046673\" target=\"_blank\" rel=\"noopener noreferrer\">systematic review of fossil fuel companies starting with the riskiest \u2014 coal \u2014 in mid-2019<\/a>. The pension dropped most coal companies due to that climate risk review, which included an opportunity for companies to demonstrate they had plans to transition. A review of tar sands companies is currently underway.<\/p>\n<p>Full article <a href=\"https:\/\/www.politico.com\/states\/new-york\/city-hall\/story\/2020\/12\/09\/dinapoli-commits-new-york-state-pension-fund-to-net-zero-emissions-portfolio-by-2040-1344117\" target=\"_blank\" rel=\"noopener noreferrer\">HERE<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comptroller Tom DiNapoli has set a target of getting the state\u2019s $226 billion pension fund\u2019s portfolio to net-zero emissions by 2040 and outlined the most detailed path to date on reviewing \u2014 and potentially divesting from \u2014 fossil fuel companies.<\/p>\n","protected":false},"author":410,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,21],"tags":[],"class_list":["post-3601","post","type-post","status-publish","format-standard","hentry","category-divest","category-solutions"],"acf":[],"_links":{"self":[{"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/posts\/3601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/users\/410"}],"replies":[{"embeddable":true,"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/comments?post=3601"}],"version-history":[{"count":0,"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/posts\/3601\/revisions"}],"wp:attachment":[{"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/media?parent=3601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/categories?post=3601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/world.350.org\/pittsburgh\/wp-json\/wp\/v2\/tags?post=3601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}