Leaders urge N.J. to divest pension from fossil fuels, battling climate change
Updated May 06, 2021;
Posted May 05, 2021
Real estate photo of City Hall in Jersey City, Wednesday, Nov. 7, 2018. (REENA ROSE SIBAYAN JOURNAL PHOTO)
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Leaders from New Jersey’s second-largest city sent a clear message to Gov. Phil Murphy last week: Get public workers’ pensions out of the fossil fuel business.
The Jersey City city council passed a resolution urging the Murphy administration to fully divest the state pension plan from fossil fuel positions, and for the city’s municipal pension board to do the same.
The goal of divestment is to cut the funding for companies that have profited off the burning of fossil fuels, which in turn has driven global climate change.
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