Done appropriately, fossil fuel divestment not only sends a strong market signal on climate action, but it also:
• Helps ensure the long-term sustainability of pension funds by significantly reducing investment risk
• Potentially decreases long-term taxpayer contributions to pension funds
• Protects those who rely on the pension funds for their retirement

We cover why New York City is pursuing divestment as part of a comprehensive climate action program, the financial outlook for the fossil fuel industry today and in the future, the evolving nature of fiduciary duty in light of climate change, and the perspective of labor on divestment.

Speakers:
• Daniel Zarrilli, Senior Director of Climate Policy and Programs, NYC Mayor’s Office
• Tom Sanzillo, Director of Finance at IEEFA and former First Deputy Comptroller of New York State
• Susannah Vickers, Executive Director for Pensions, Office of NYC Comptroller Scott Stringer
• Lisa Anne Hamilton, Director, Climate & Energy Program, Center for International Environmental Law
• Henry Garrido, Executive Director, AFSCME District 37

Webinar produced in partnership with: NYC Mayor’s Office, NYC Climate, Mayors Innovation Project, C40 Cities, ICLEI, Elected Officials to Protect New York