During an Environmental Advisory Webcast today, Thomas DiNapoli, the New York State Comptroller, announced his Green Strategic Investment Program.
“Clean technology and renewable energy have become increasingly profitable. It’s not just about doing good for the environment; going green is good for the bottom line too”.
Focusing on the state’s commitment to reduce both greenhouse gases and dependency on foreign oil; DiNapoli will be increasing the amount of green investment, in the New York State’s Retirement Fund’s portfolio, by $500 million over the next three years. With $16 million already invested in New York green companies, the fund will be looking for more renewable energy and clean technologies to invest in.
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DiNapoli announces $500 million commitment to “Green” investments