New Paltz Faculty Calls for Divestment from Fossil Fuels of State Pension Fund

Hannah Wright December 7, 2020

SUNY New Paltz Faculty Senate passed a resolution on Dec. 3, co-authored by Scott Minkoff and Brian Obach, that calls for the Teachers Insurance and Annuity Association of America (TIAA) to end their investments into the fossil fuel industry. SUNY New Paltz is a large client of TIAA. 

“How can we be against climate change while at the same time sponsoring the fossil fuel industry through our retirement funds?” said sociology professor Obach. 

The financial services organization serves over 15,000 varying institutions with over $1 trillion in assets. This resolution comes as a part of a larger movement led by TIAA Divest!

More information from TIAA Divest! and the resolution here:

SUNY New Paltz Faculty Resolution

TIAA Divest! News Brief

TIAA Divest! Call to Action

Hannah Wright

Hannah Wright is a fourth-year journalism major from Millbrook, New York. She is interested in the interplay of sustainability and fashion.

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