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New York unveils plans for fossil fuel divestment
JAY GORY, MANAGING EDITOR, science
New York announced plans Wednesday to sell off $5 billion in fossil fuel investments from city pension funds after suing for billions of dollars in damages from oil companies to help fund protection against climate change. While other cities in Europe and the United States have already taken similar steps, New York hailed its move as significant as it is the biggest metropolis in the country. The city suffered billions of dollars of damage in Hurricane Sandy. read more


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