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Conservative challenge to NYC fossil-fuel divestments thrown out by judge

3 July 2024
in Business
Conservative challenge to NYC fossil-fuel divestments thrown out by judge
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A judge has thrown out a conservative challenge to New York City’s fossil-fuel divestment plan, ruling that the city has the authority to make decisions about its investments. The lawsuit, brought by the National Association of Manufacturers, argued that the divestment plan would harm the pension funds of city workers. However, the judge dismissed the case, stating that the city’s decision to divest from fossil fuels is a valid exercise of its authority.

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Tags: challengeConservativedivestmentsfossilfuelJudgeNYCthrown
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