Getting New York to Divest its Pension Funds From Fossil Fuels

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Environmental activists and supporters take part in a rally calling for action on climate change in New York on November 29, 2015, a day before the start of the COP21 conference in Paris.

New York State Senator Liz Krueger (D-Manhattan, 28th district) and Bill McKibben, founder of the environmental activism group 350.org and author several books including Oil and Honey: The Education of an Unlikely Activist (Times Books, 2013), talk about their bill to require the NYS Comptroller to divest the state's funds from fossil fuels.

Both Sen. Krueger and Bill McKibben said while only three percent of the state's $180 billion pension fund is invested in fossil fuel companies, being part of a worldwide divestment campaign has identified fossil fuel companies who refuse to transition to more environmentally friendly practices and has spurred other investors, such as the International Monetary Fund, to join the cause.