New York State pension fund divests from seven oil sands companies

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# 20:53
12 April 2021

The New York State pension fund is restricting investment in seven Canadian oil sands companies because they do not have viable plans to adapt to low-carbon future, the fund’s Comptroller Thomas DiNapoli said in a statement on Monday, APA reports citing Reuters.

The fund will divest more than $7 million in securities already held in the companies.

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THE OPERATION IS BEING PERFORMED