Save our planet! Save our pension!
Sign the petition to divest
NY teachers' pension fund from coal, oil and gas
The New York State Teachers' Retirement System (NYSTRS)* has an estimated $4.5 billion** invested in climate destroying fossil fuels with over $500,000,000 invested in Exxon Mobil alone. They have even increased their investments in climate destroying coal in 2021. We call on NYSTRS to stop funding climate destruction and divest its funds from all fossil fuels to save our planet and save our pension.
Divest NY Calls on Legislative Leaders
to Pass Teachers Fossil Fuel Divestment Act
June 7 2021 - Divest NY delivered a letter to New York State Legislative Leaders today signed by over 120 climate, youth, community and faith organizations calling on them to bring the bill to the floor for a vote. See the letter here.
May 25 - Divest NY released a report today that shows that NYSTRS has over $300 million invested in companies with substantial coal reserves. They increased their investments by more than 62 million shares.
Watch our Divest NYSTRS Webinar
Don't Let Fossil Fuels Burn Up Our Pension, aired in November, 2020. It features youth climate leaders Hridesh Singh and Erin Zipman, climate activist Bill McKibben, newly elected state senator Jabari Brisport, capital district teacher Lauren Kirkwood and and Bard professor Kathy Hipple.
* NYSTRS had $122.5 billion in assets at the end of 2019 with nearly 264,000 active members and over 169,000 retirees and beneficiaries. NYSTRS members are all full-time teachers, teaching assistants, guidance counselors and administrators employed in New York public schools (excluding New York City), BOCES, and eligible charter schools. Part-time teachers and teachers in New York State community colleges or SUNY may join.
** NYSTRS's investments in fossil fuels were estimated at $4.5 billion last spring before the pandemic. Their investments in coal increased in the fourth quarter of 2020 to over $300 million. The pandemic and worldwide efforts to reduce carbon emissions are causing the fossil fuel market to tank. Fracking companies are declaring bankruptcy in record numbers and Exxon Mobil is expected to lose more than $1 billion this year, compared with profits of $46 billion in 2008.