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S 3847 New York Senate · 2025 Regular Session

Requires SUNY and CUNY trustees refrain from investing in and subsequently divest from stocks, debt or other securities of certain publicly traded fossil fuel companies

Summary
Requires SUNY and CUNY trustees to refrain from investing in and subsequently divest from stocks, debt or other securities of certain publicly traded fossil fuel companies.
Issues: ✓ EnergySupports EnergyDivests public university endowments from fossil fuels, reducing reliance on non-renewable energy sources per bill's mandate.95% confidence ✓ EnvironmentSupports EnvironmentDivests public university investments from fossil fuels, reducing financial support for polluting industries and aligning with environmental protection goals.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2025 Last action Jan 30, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
1
Jan 30, 2025
Committee
REFERRED TO HIGHER EDUCATION
upper
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brad Hoylman-Sigal
Brad Hoylman-Sigal
DDemocratic/Working Families
NY
47
Co
Photo of Jose Serrano
Jose Serrano
DDemocratic/Working Families
NY
29
Co
Photo of Liz Krueger
Liz Krueger
DDemocratic/Working Families
NY
28