The Private Equity ‘Black Box’ Pours New York Pensions Touting Divestment Into Fossil Fuels
Routing $500 million through a Blackstone fund, the New York State Common Retirement Fund is among the largest investors in a notorious Ohio coal plant.
This article was published in partnership with the Albany Times Union.
Correction: November 30, 2022
This story previously listed the Common Retirement Fund’s investment into 340 private equity funds at $37 million; it is $37 billion. It also referred to IEEFA’s full name as Institute for Energy Economics and Analysis; it is the Institute for Energy Economics and Financial Analysis.
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