3 New York City pension funds are being sued for divesting from fossil fuels as Republican politicians take aim at anti-ESG investing

3 New York City pension funds are being sued for divesting from fossil fuels as Republican politicians take aim at anti-ESG investing

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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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