Comptroller to bar pension investments in oil sands firms PUBLISHED 10:24 AM ET Apr. 12, 2021 PUBLISHED 10:24 AM EDT Apr. 12, 2021
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New York s pension fund will bar investments in oil sands companies that are not moving toward transitioning to a cleaner, low-carbon fuel, Comptroller Tom DiNapoli said Monday morning.
The move is expected to affect seven companies who have business before the pension fund that have not shown they are transitioning out of oil sands.
Barring investments in oil sands companies is part of a broader effort to leverage the state s pension fund over the years to bolster pushes to combat climate change. DiNapoli in the past has moved to divest from fossil fuel companies and other entities.
PUBLISHED 8:23 PM ET Apr. 05, 2021 PUBLISHED 8:23 PM EDT Apr. 05, 2021
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The end is in sight.
The New York state budget is now five days late, but lawmakers and the governor say they are “close” to finalizing a budget deal.
“We have a conceptual agreement on all issues, I think it s fair to say, the Senate, the Assembly, and myself,” Governor Andrew Cuomo said during a press conference on Monday. “They are working it through with their conferences. We’re dotting some i’s, we re crossing some t s. But that s where we are.”
In the meantime, lawmakers did introduce three more budget bills over the weekend.
Excluded Workers Fund Contains Echoes of Prior Debates PUBLISHED 5:28 AM ET Apr. 05, 2021 PUBLISHED 5:28 AM EDT Apr. 05, 2021
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An early test for the new Democratic majority in the state Senate in 2019 was a bill allowing undocumented immigrants to apply for and receive driver s licenses. Long a third rail in New York politics, the measure squeaked through the chamber, but with Democrats from key swing districts voting against it.
Rather than punishing the party in power, voters handed Democrats a supermajority two years later.
But now a new test of the big tent is facing lawmakers in Albany: The proposed creation of a fund to aid workers who did not receive the strengthened pandemic unemployment benefits in the last year.
PUBLISHED 4:56 AM ET Apr. 05, 2021 PUBLISHED 4:56 AM EDT Apr. 05, 2021
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State lawmakers and Gov. Andrew Cuomo are yet to reach a finalized agreement for a state budget, though smaller deals are in place to provide for property tax relief for middle-income homeowners as well as a tuition freeze at public colleges and universities in New York while increasing taxes largely on wealthier New Yorkers and corporations by more than $4 billion.
Snags remain over legalizing mobile sports gambling, a fund to aid people like undocumented immigrants who did receive boosted federal unemployment aid during the pandemic, and how to fund an expansion of universal pre-kindergarten statewide.