- Reuters
UPDATE 3-New York pension fund to divest some Exxon holdings
The New York State Common Retirement Fund will restrict its investments in eight integrated oil and gas companies, including the divestment of a small share of its holdings in Exxon Mobil, New York Comptroller Thomas DiNapoli, who oversees retirement assets, said on Thursday. The move amounts to a compromise measure by the third-largest U.S. state pension fund as it and other big investors face calls from environmental groups to more fully divest from fossil fuels, something few have done. The New York State fund had holdings of nearly $26.8 million as of Dec. 31, 2023 from the companies to be divested and restricted, which include Guanghui Energy Company , Echo Energy, IOG, Oil and Natural Gas Corp, Delek Group, Dana Gas, and Unit Corp.
