Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
Former NYC mayor cites gunmaker investments held by the state’s two largest pension funds.
Legislation identifies sustainable investing as being among ‘disfavored state investments.’
The pension giants would have to sell off more than $9 billion combined in assets by 2027.
A university committee will determine if any companies are ineligible for investment from its $42.3 billion endowment.
ABP has approximately $17.4 billion invested in the industry.
More than 90% of corporate DB plans with de-risking goals say they expect to divest all their plan liabilities in the next five years.
The city council will also consider a legislative package aiming to tackle climate change.