September 29, 2015

350 Responds to NYC Divestment Announcement

Contact: Karthik Ganapathy,  (347) 881-3784

In response to reports that New York City Mayor Bill de Blasio will push the city’s pension funds to divest from coal, Executive Director May Boeve issued the following statement:

“Coming just after news that the divestment movement has engaged institutions collectively worth $2.6 trillion, and the passage of California legislation that will divest the country’s largest pension funds from coal, Mayor de Blasio’s announcement is another big step adding even more momentum to this campaign. In the final months before crucial climate talks in Paris, wins like these send a clear message to world leaders that people across our society are clamoring for real, ambitious leadership on climate change. We expect to see other municipal leaders around the world take note of the Mayor’s words today, and join New York in acknowledging the financial and moral imperative to divest from climate chaos.”

In addition, 350 NYC Steering Committee Member Mark Dunlea said:

“We appreciate Mayor de Blasio calling for a critical first step to divest the city’s pension funds from fossil fuels, starting with coal and a study on the rest. We hope that our other elected officials will stand with him to help protect our city and our future from the risks of climate change. We look forward to a fossil free future.”