Divest New York State & Local Retirement Funds from Fossil Fuels
To: NYS Comptroller Thomas DiNapoli and NYS Legislature
Citizens of NYS call upon our Comptroller and NYS Legislature to: 1. Immediately freeze any new investments in fossil fuels. 2. Divest from direct ownership and any commingled funds that include fossil fuel public equities and corporate bonds within 5 years. 3. Make a concerted effort to fully invest in clean tech, green energy production, retrofitting and infrastructure, which helps the environment, people and the economy.
Why is this important?
Over the past 5 years, diverse NYS citizens and stakeholders have expressed strong, informed opposition to hydro-fracking. Hydro-fracking is a form of extreme energy production which causes significant, irreversible harm. Simultaneously, citizens and stakeholders have called for rapid, full investment in and transition to truly green, renewable energy sources. We are extremely concerned about climate disruption (which is already negatively impacting NYS) and the future of all species on this fragile planet. The NYS Comptroller is responsible for administering the New York State and Local Retirement System for public employees. This System has more than one million members, retirees and beneficiaries and more than 3,000 employers; The NYS Comptroller acts as the sole trustee of the $150.6 billion (As of March 31, 2012) Common Retirement Fund - one of the largest institutional investors in the world. Furthermore, "the State Comptroller is responsible for ensuring that the taxpayers’ money is being used effectively and efficiently to promote the common good." We formally request that no tax dollars held within the Comptroller's Office promote climate disruption, environmental degradation and human suffering. We request that our tax dollars directly "promote the common good." We applaud the Comptroller for the Green Strategic Investment Program which is investing $500 million over 3 years in clean tech, green energy. We ask for complete, rapid divestment from all fossil fuels. Divesting now, will immediately bring positive change.
How it will be delivered
We plan on delivering petition at an in-person meeting with the Comptroller in early fall 2013. We would like at least 2,000 signatures by that date.
Category: Cities & States
Last signed by:
Andrew S.2013-12-06 20:43:49 -0500
Jonathan S.2013-12-06 10:04:39 -0500
James C.2013-12-05 16:49:56 -0500
Ann C.2013-12-05 16:24:59 -0500
Heather B.2013-12-05 08:50:28 -0500
Ryan I.2013-12-04 21:33:01 -0500
Chelsea K.2013-12-04 20:23:27 -0500
Thomas K.2013-12-04 19:13:27 -0500
Clarinda M.2013-12-04 11:08:50 -0500
Janet T.2013-12-04 07:55:56 -0500