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NY State Fund to Invest More in Companies That Pollute Less

New York's comptroller plans to shift domestic stock holdings in the state retirement fund to companies with lower carbon emissions in a new $2 billion index. The investment strategy was announced Friday at the U.N. Climate Change Conference in Paris. It includes another $1.5 billion going separately into "sustainable investments,'' doubling that program, and raising its total combined commitments to $5 billion, Comptroller Thomas DiNapoli said. The index will reduce...

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