New report from Professor Fischel finds divestment would cost NY and Colorado billions

October 12, 2020

“Over 50 years, the costs of divestment for New York State add up to $1.1 trillion under the narrow [divestment] approach and $1.5 trillion under the broad [divestment] approach. To make up for the substantial shortfall caused by divestment, the State will either have to lower pension payouts or seek new revenue from taxpayers.”