New York state pension fund selling holdings in Exxon, other energy companies
The retirement fund says it plans to now focus on investments in utility companies and their efforts to shift away from fossil fuels.
The New York State Common Retirement Fund plans to restrict its investments in Exxon Mobil Corp. and seven other oil and gas companies after reviewing their efforts to shift to a low-carbon economy.
The pension plan will sell stocks and bonds, worth roughly $26.8 million, in Exxon, Guanghui Energ
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