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NJ Makes $200 Million Investment in Climate Future

Pension fund to buy into group dedicated to ‘positive environmental impact.’ Some enviros wanted complete divestment from fossil fuels

JOHN REITMEYER / NJ SPOTLIGHT NEWS – While it’s not the divestment from fossil fuels that environmentalists have been seeking, New Jersey’s public-worker pension fund is looking to make a major investment in companies working to blunt climate change.

Members of the New Jersey State Investment Council on Wednesday reviewed a plan to invest up to $200 million in a California-based private-equity fund called TPG Rise Climate …