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'A really big deal': New York City's fossil fuel divestment could spur global shift
by Oliver Milman in New York
The Guardian Translate This Article
11 January 2018
On 11 January 2018 The Guardian reported:
New York City's decision to sever ties with its fossil fuel investments is set to prove a catalyst to other cities . . . On Wednesday (10 January), city officials announced that New York was to divest its pension funds of about $5bn in fossil fuel-linked money over the next five years. Economists said the status of New York as a financial and cultural giant would probably spur other cities in the US and worldwide to divest and, more significantly, build momentum in the global shift required to reduce emissions and stave off the worst consequences of climate change.
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