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.
Backing primary opponents to progressive Democrats, the new Solidarity PAC resembles a state-level analog to the American Israel Public Affairs Committee.
As the relationship was coming to light, Heastie returned $5,000 in campaign cash to a labor group from which he’d recused himself.
Referencing a New York Focus story, Assemblymember Jessica González-Rojas introduced legislation to prevent public agencies from naming the medically discredited condition in their reports.
New York legislators have a plan to claim billions in federal funding for health care, driving a fight between industry groups.
We read the governor’s, Senate’s, and Assembly’s budget proposals — so you don’t have to.
We answer your questions on the state’s notoriously opaque budget process.
What are industrial development agencies?
A new bill to municipalize Long Island’s utility includes key worker protections that the union had sought.
The Bipartisan Infrastructure Law directed billions toward public transit in New York, but the state is choosing to spend billions more on highways.