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People's Climate March NYC. Elizabeth Stilwell / Flickr

New York Governor Andrew Cuomo and New York City Comptroller Scott Stringer released separate plans on Tuesday to divest state and city pension funds from coal, oil and gas companies.

Environmentalists are celebrating this major win in the global movement for fossil fuel divestment, as the state and city's public pension funds are among the largest in the world, representing a combined $390 billion.

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