NYC Comptroller Seeks to Divest Fossil Fuels from Pension Funds

Here we go again. New York City Comptroller Brad Lander has put forth a proposal that would stop the city’s three pension funds from future private equity and infrastructure portfolio investments in midstream and downstream fossil fuel infrastructure like pipelines and liquefied natural gas terminals. The prohibition would apply to New York City’s Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System should their pension boards approve the decision. But here's the thing... In May 2023, workers from those same three pension funds sued the funds to stop them from divesting from fossil energy companies (see 3 NYC Pension Funds Sued by Workers for Divesting from Fossil Fuels). What happened to the lawsuit?

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