About this document

Fossil Fuel Divestment Impact Analysis Request by State Senator Liz Krueger is a document available to read on EtoBox.

The document is a letter requesting that the New York State Comptroller include an analysis of the potential impacts of fossil fuel divestment in an upcoming asset allocation study for the Common Retirement Fund. It argues that due to climate change and the transition to renewable energy, fossil fuel companies face significant stranded asset risk, which could lead to rapid and unexpected loss of investment value. The letter urges including a scenario analyzing divestment from fossil fuels within 5 years.

Author

State Senator Liz Krueger

Language

EN