"We are taking the largest action by any city to confront the growing climate crisis and demonstrate the leadership necessary to win this fight against fossil fuels and the damages they've caused."

"Their investments in the fossil fuel industry—an industry whose actions place the health and future of students and the entire planet at risk—amount to nothing less than complicity in the climate crisis."

One activist said this is what "every pension fund can and should" do to address the climate crisis.

Advocacy group calls on major banks and investors to pull the plug on a planet-wrecking industry that shows no urgency to curb its destruction.

"It's ridiculous that supposedly pro-free market forces are trying to mandate how banks conduct their business. But this farce becomes tragedy when ALEC's work locks in stranded assets and ultimately locks in humanity to more warming, more chaos, and more disasters."

One activist called divestment "an ethical responsibility" given that "maintaining the status quo of fossil fuel energy production and investments will unquestionably lead to a self-created catastrophe."

"Kudos to Tom DiNapoli for making it clear that you can't build your retirement on tar sands."

"Fossil fuels are not only bad for our planet and our frontline communities, they are a bad investment," said Mayor Bill de Blasio.