NYC pension funds sued for selling fossil-fuel assets
Plaintiffs claim the three pension funds breached their fiduciary duty when they sold roughly $4 billion in fossil-fuel investments in 2021.
In a new attack against ESG investing, three New York City pension funds were sued for allegedly breaching their fiduciary duty by selling billions of dollars of fossil-fuel assets.
The plaintiffs, represented by Donald Trump’s former Labor Secretary Eugene Scalia, claim the retirement plans’
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