Nearly two dozen state lawmakers want New York's public pension fund to drop stock holdings in oil, natural gas and coal companies as part of a movement against global warming. Senate and Assembly bills would require the fund to divest holdings in the 200 largest publicly traded fossil fuel companies within a year and from all others by 2020. Climate change threatens New Yorkers' safety, health and wealth by raising sea levels, increasing storm intensity and droughts, threatening biodiversity, damaging property and increasing the cost of insurance, health care and government, according to the bill's sponsors. http://www.cnbc.com/2016/02/29/the-...state-pension-fund-to-drop-oil-companies.html Buy high, sell low - Great way to lose money in the pension fund.
