De Blasio Joins Call for New York Pensions to Divest From Coal

New York Mayor Bill de Blasio wants city pension funds to get rid of about $33 million invested in coal companies to demonstrate his opposition to climate-changing fossil fuels.

De Blasio, a Democrat who has set a goal for the city to reduce total carbon emissions 80 percent by 2030, said the city’s five retirement funds, which hold assets of about $160 billion, should end stock investments in thermal coal.