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Going green by reducing the amount of green spent on fossil fuel

Fund for coal miners with black lung is in trouble, report shows
Solving ethical problems in Albany
Posted at 4:40 AM, Apr 29, 2019
and last updated 2019-04-29 04:40:31-04

ALBANY, N.Y. (AP) — New York state lawmakers are taking a closer look at proposals to pull state pension investments in fossil fuel companies.

The Democrat-led state Senate has scheduled a hearing for Tuesday focusing on the impact fossil fuel divestment would have on the state's pension fund.

Gov. Andrew Cuomo and state Comptroller Thomas DiNapoli, both Democrats, have created a panel to study ways the state's more than $200 billion pension system can reduce investments in fossil fuel companies while increasing investments in clean energy.

Divesting from fossil fuels has long been a goal of many environmental advocates, who say the state shouldn't invest in fossil fuel companies when it's working to reduce its carbon emissions.