New York State pension fund divests from seven oil sands companies

The fund will divest more than $7mln in securities already held in the companies

  

CALGARY, Alberta- The New York State pension fund is restricting investment in seven Canadian oil sands companies because they do not have viable plans to adapt to low-carbon future, the fund's Comptroller Thomas DiNapoli said in a statement on Monday.

The fund will divest more than $7 million in securities already held in the companies.

(Reporting by Nia Williams) ((nia.williams@thomsonreuters.com; +1 403 531 1624; Reuters Messaging: nia.williams.thomsonreuters.com@reuters.net))

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