New York State Retirement Fund to divest from Exxon Mobil and others over climate concerns

The New York State Common Retirement Fund, overseeing $260 billion in assets, announced plans to divest from Exxon Mobil Corp. and seven other oil and gas companies totaling approximately $26.8 million in stocks and bonds. 

State Comptroller Thomas DiNapoli cited their inadequate efforts to transition to a low-carbon economy as the reason for divestment.