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.
A version of good cause eviction and new hate crimes are in; new taxes on the wealthy and education cuts are out. Here’s where things landed in this year’s budget.
The Assembly rejected legislation that would have sped up New York’s transition away from gas.
Low-wage manual laborers can sue to make their bosses pay them weekly. Hochul’s late-breaking budget addition may undermine that right.
It’s the first step New York has taken to address its housing shortage in years — but tenant groups are fuming and real estate wants more.
New York has one of the weakest consumer protection laws in the country. This year’s state budget may change that.
Hochul’s proposed Medicaid cuts include $125 million from Health Homes, a program that connects the neediest New Yorkers with medical care, food assistance, and more.
The Assembly and Senate want to beef up labor standards and farmland protections for clean energy projects. Developers say that would slow down the energy transition.
State investigators accused the gas utility of “sloppiness” in managing customer funds, but took a light touch in enforcement.
What are industrial development agencies?