John,

Last week, I reached out to let you know about a new petition targeting
state legislators and governors in all 50 states with a bold demand:
divest your public pension funds from all fossil fuel companies.

Well today, I've got some exciting news: yesterday, New York State
Comptroller Tom DiNapoli announced he will divest from 27 major coal
companies if they are found unable to adapt to a low-carbon future by a
review of his office^1.

New Yorkers have been fighting for over a decade to divest the $210
billion public pension fund. This is a major step in the right direction,
and it's all thanks to massive grassroots pressure our movement has
sustained over the years. 

[ [link removed] ]Now it's time to get every state government to take similar steps to
divest from fossil fuels. Take a second to sign and send a letter to your
governor and state legislators urging them to divest pension funds from
fossil fuel companies.

Nearly all public pension funds in the U.S. are invested in fossil fuel
companies. These irresponsible businesses aren't just actively destroying
our communities and climate, they're also projected to become more and
more financially risky over time.

That means state governments have a moral and fiduciary duty to
divest. The money they invest in fossil fuels in our name not only harms
people and the planet, it also puts pensioners' retirement funds at risk.

It doesn't have to be this way. Pension money invested in fossil fuels
could instead be used to invest in a just transition to 100% renewable
energy. This would result in healthier retirement funds for pensioners,
countless green jobs for our communities, and a healthier planet for all
of us. 

[ [link removed] ]Sign the letter now to demand that our elected officials act to freeze
all investments in fossil fuel companies and divest public funds from all
direct and indirect investments in coal, oil and gas producers.

Forward,

Richard

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1 - [ [link removed] ]"NYS Comptroller DiNapoli Announces Coal Investments Under
Review", Office of the New York State Comptroller


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