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Report claiming fossil fuel divestment would cost pension funds billions branded 'misleading'
09 August 2018A report commissioned by the petroleum industry that claims US pension funds would stand to lose billions of dollars in returns if they fully divested fossil fuel stocks has been branded “particularly misleading”.
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People Moves: New York State Common Retirement Fund, 2° Investing Initiative, MSCI and ClimateWise
27 July 2018Anastasia Titarchuk has been announced as interim CIO of the New York State Common Retirement Fund, replacing Vicki Fuller who will retire next week after six years of service.
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50 names to be added to Climate Action 100+ engagement hit list
21 February 201850 more corporates are to be added to the $28 trillion Climate Action 100+ initiative's list of targets for climate-related engagement.
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Exxon takes encouraging disclosure steps but must go further, investors say
08 February 2018The latest climate-related disclosures by oil giant ExxonMobil fail to go far enough in setting out how climate change is likely to impact its business, say an influential group of investors that led last year's successful shareholder resolution against the company.
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New York State pension fund commits extra $2bn to low-carbon index
01 February 2018The $203 billion New York State Common pension fund has doubled its exposure to its own low-carbon index to $4 billion.
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New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment
11 January 2018New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.
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NY State Common and NY City Pension Funds make plans to cease fossil fuel investments
22 December 2017Both the $200 billion New York State Common pension fund and the $181 billion New York City Pension Funds are to consider ceasing new investments in fossil fuels, their trustees have said.
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Shareholder action forces oil giant Exxon to increase climate disclosures
12 December 2017ExxonMobil is to start publishing reports on how policies to reduce global warming affect its profits, a move which marks a major victory for shareholder action on climate change, according to New York State Comptroller Thomas DiNapoli.
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ESG indexes: in the sweet spot
20 September 2017Billions have flowed into funds tracking ESG indexes or low-carbon indexes in recent months. What are the innovations that will drive further growth, asks Peter Cripps
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US asset owners are waking up to climate change
31 July 2017There is increasing evidence that US investors are factoring climate change into their investment decisions, argues Meg Voorhes