IEEFA: NYS Comptroller DiNapoli’s bold divestment plan may inspire investors to follow suit
New York State Comptroller Thomas P. DiNapoli, who heads one of the largest public pension funds in the U.S., concluded 2020 with a bold investment decision on fossil fuels. He will hold the entire industry to higher standards regarding climate change and establish broader scrutiny of a pension portfolio with holdings that span the entire economy in a bid to reduce demand for fossil fuels. His follow-up is critical. Q3 2020 hedge fund letters, conferences and more DiNapoli's Bold Divestment PlanFor the energy sector, the comptroller’s decision serves as a last call: If companies do not meet re...