City Comptroller Lander is pushing to divest New York City's pension system from assets linked to Russian President Vladimir Putin as the U.S. tightens sanctions against Russia. The pension fund's Russian assets were worth about $271 million last week.
“New York City is home to one of the world’s largest populations of Ukrainians, and our hearts are with the people of Ukraine, the many Russians who are bravely protesting this war, and with Ukrainian Americans watching in horror from our shores,” Lander said in the statement., including Russian oil companies, as part of climate change action, Lander said.
“Russia’s actions remind us that one of the best ways to curtail the power of authoritarian petrostate leaders is to reduce our global reliance on the oil and gas industry. To that end, I am proud to reaffirm that the decisions of three of the five NYC pension funds to divest from fossil fuels, including top Russian oil companies, were wise actions to advance a healthier and safer planet,” he said.
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