Buffalo and Erie County Historical Society
New York State Comptroller DiNapoli has taken a strong interest in the development of green business in NY State and has been investing portions of the NYS pension fund in green businesses.
In April, 2008 Mr.DiNapoli launched his Green Strategic Investment Program to increase commitments to environmentally focused investment strategies by $500 million over the next three years across the New York State Common Retirement Fund’s entire portfolio.
“Clean technology and renewable energy have become increasingly profitable,” DiNapoli said. “It’s not just about doing good for the environment; going green is good for the bottom line too. The Common Retirement Fund has a unique opportunity to produce strong, risk-adjusted returns while at the same time supporting our goal of curbing greenhouse gas emissions and decreasing our dependence on foreign energy sources. This investment commitment will put us half a billion dollars ahead of the green curve.”
The Fund has been reviewing the clean tech and renewable energy sectors for potential private equity investments since 2005. DiNapoli’s Green Strategic Investment Program allows for the expansion of the Fund’s private equity exposure to these sectors while encouraging additional investments across the Fund’s entire portfolio.
We are excited to feature Comptroller DiNapoli at the July session of Business Gets Green.
Please note our new venue. Due to the BodyWorld exhibit, the Science Museum is no longer available to us. The Historical Society is graciously making their fantastic auditorium available.
As usual, this session will be filmed for LCTV and YouTube. Thanks Jon Allen!
The Agenda for the July 30th Business Gets Green session will consist of:
- The introduction of local green (and going green) businesses to the Comptroller
- Introduction of the Comptroller by Senator Thompson - VIDEO
- Comptroller DiNapoli's talk on the Green Fund -- VIDEO
- John Stouffer, Team Leader of the Comptroller's Green Initiative will describe the Initiative.
- Questions and discussion on the development of the Green Business Sector in NY State.
To learn more about Business Gets Green, see the Agenda, Speakers list and VIDEOS from the June 18th meeting at Re-ENERGIZE BUFFALO.
There won't be an August session due to many folks taking a summer break. The September session will be on Thursday the 17th. Questions? Contact Bill Nowak, Deputy Chief of Staff, and Director of Policy Research for NYS Senator Antoine M. Thompson.
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