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New York State Pension Fund Lost $5.3 Billion From Fossil Fuel Holdings


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New York State Pension Fund Lost $5.3 Billion From Fossil Fuel Holdings

ALBANY, NY - The New York State Common Retirement Fund (NYS-CRF) lost at least $5.3 billion 1 from their investments in the top 200 coal, oil, and gas companies, according to a new report from Corporate Knights. New York State’s $189.4 billion pension fund is the third largest in the nation, just following California’s CalPERS and CalSTRS, which are now required by law to divest from thermal coal.

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