(CNSNews.com) - Senate Minority Leader Chuck Schumer (D.-N.Y.) sent out a tweet on Wednesday night—as a snow storm hit the Capitol and his home state of New York—and said: ‘We need bold climate action now.”
“For decades, Big Oil has used big money and more to block action on climate change,” Schumer said in his tweet.
“I’m proud to see New York take this step forward in fighting the climate crisis,” he said.
“We need bold action now,” he said.
Schumer’ tweet linked to a tweet sent out by New York City’s “Climate Policy & Programs.” That tweet linked to a page headlined: “Divest/Invest.”
That page said in part:
“It has become more and more clear that climate change poses a key threat to the global financial system. In New York City, we are taking the fight straight to the fossil fuel industry for their role in creating this climate crisis by suing the five investor-owned fossil fuel companies most responsible for climate change, divesting the City’s pension funds from fossil fuels, and investing in climate solutions. And we are working with cities around the nation and around the world to scale up climate action efforts and share tools, knowledge, and best practices, to ensure climate change and the interrelated issues of equity and social justice are addressed at a global scale.
“In 2018, Mayor Bill de Blasio announced that New York City would be the first major U.S. city to divest its pension funds from fossil fuels. The City pension funds are currently on track to have actionable plans to divest from fossil fuel reserve owners by late 2020 and the expectation is that the pension fund boards will be able to adopt a plan and begin execution in 2021.”