Carbon taxes are coming, and they’re coming fast!
Last week, the NYC City Council released an updated draft of Introduction 1253, a new bill that is likely to be passed into local law. If passed, this legislation will be the nation’s first legislative cap on carbon emissions. It is a part of NYC’s commitment to reduce greenhouse gases (GHGs) by 80% by 2050 (the 80x50 program).
The Board of Trustees of New York's Barnard College, a women's college affiliated with Columbia University, recently voted to divest from energy companies that deny climate change who are currently within the college's $286 million endowment.
Barnard students have pressed the college to establish a broad divestment pledge, a movement that in the last five years has grown to campuses across the country. Last year, a committee of Barnard trustees, faculty, and students endorsed a proposal that would divest from only fossil fuel companies that seek to deny climate science or thwart efforts to mitigate the impact of global warming.