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Thursday, April 22, 2021   View Larger + Rhode Island General Treasurer Seth Magaziner announced this week that the state’s pension fund is cutting nearly 50% of the investment in companies that engage in the production and distribution of fossil fuels.  The changes in the investment fund’s makeup will be completed by this summer, said Magaziner’s office.   “To continue delivering on the promise of retirement security for all 60,000 members of the Rhode Island pension system, and for all taxpayers, we must invest in the economy of the future,” said Magaziner. “As we celebrate Earth Day this week, I was pleased to announce that the pension fund has made significant progress towards this goal with a near-fifty percent reduction in the fund’s exposure to fossil fuels by this summer. I believe that over the course of the next decade, the pension fund’s exposure to fossil fuels can approach zero as the world shifts toward cleaner and more sustainable energy source

Rhode islandUnited statesSeth magazinerJonathan stoneGolocalprov news teamEnvironment council of rhode islandRi pension fund investment in fossil fuelsMagaziner says he will cutFund investmentFossil fuels nearlyIsland general treasurer seth magazinerEarth dayPriscilla de la cruzEnvironment councilExecutive director jonathan stoneரோட் தீவு