Bill de Blasio calls on New York pension funds to divest from coal companies

Mayor says investments must 'catch up' with the rest of the city in its effort to battle climate change and shift toward renewable energy

New York's Mayor Bill de Blasio called on the city's five pension funds on Tuesday to end their investments in coal companies, demonstrating his commitment to taking on climate change.

The pension funds - whose assets total a collective $160bn - have $33m invested in coal, according to the mayor's office.