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Christopher Bancroft Burnham in New York Daily News
June 25, 2018
"In the latest movement to force political agendas into the management of public pension funds, [Mayor de Blasio and City Controller Scott Stringer] proposed in January 2018 to divest $5 billion in energy stocks from the city's pension funds.... New York City stands to lose $25 million immediately in frictional costs, and up to $1.5 billion over the next 50 years if it goes ahead with this plan."
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