New York's $226 billion public pension plan may divest from oil and gas companies

Yes, but: The fund has left a lot of wiggle room and time will tell just how many oil and gas companies it actually divests from.

How it works: The fund isn't committing to divesting all its oil and gas stocks, which activists have pushed for.

• Instead, it's increasing pressure on companies to disclose — or create — plans for how they will profit in a climate-constrained world by threatening to otherwise sell by 2025.
• The fund is "committing to sell its investments in any oil, gas, oil-services and pipeline companies that do not have clear plans to abandon the fossil fuel business. Few companies have disclosed such plans," the New York Times writes.

Flashback: New York comptroller on Exxon, divestment and climate change