plans. Currently, the New York State Common Retirement Fund has holdings in around 40 oil and gas companies. The fund might decide to divest move funds from oil companies in the future.
Oil and gas stocks jumped last year. Although this threatened to lure investors away from ESG-linked choices, half of the largest sustainable investment exchange-traded funds did better than the S&P 500.
The Catalyst program will finance European projects and initiatives to reduce emissions in four areas which are notoriously hard to decarbonize: clean hydrogen, direct air capture, sustainable aviation fuel, and long duration energy storage.