NYC pumping $6 billion in pension funds toward climate change investments

New York City’s making a big bet on the eco-economy, investing more than $6 billion in pension funds toward companies working to help the world adapt to climate change.

The trustees of the city’s pension funds approved the major shift in investment toward climate change solutions and away from fossil fuels. In recent years, the city divested $4 billion from the oil, gas, coal and other fossil fuel industries with an eye toward addressing the effects of global warming.

More from Around New York