State Comptroller Tom DiNapoli is requesting that some of the nation’s largest companies reduce greenhouse gas emissions and address financial risks associated with climate change.
New York State holds about $2 billion in the stock of the ten companies, representing about 1 percent of the $209 billion Common Retirement fund. However, those ten firms account for more than 20 percent of total greenhouse gas emissions from all companies in the fund.
Mr. DiNapoli also announced the pension fund had withdrawn shareholder proposals at three energy companies due to their climate-change disclosure policies.
Read more at Pensions & Investments.