Rick Karlin reports in Capitol Confidential about Gov. Andrew Cuomo's latest plan he will announce in his "State of the State" address next month: divesting New York of investments in fossil fuels. Cuomo wants the $201.3 billion New York State Common Retirement Fund to end fossil-fuel investments and “de-carbonize” its portfolio. State Comptroller Thomas DiNapoli said the state had no immediate plans to sell off oil stocks. The fossil fuel industry shot back Dec. 20 , with Divestment Facts’s Matt Dempsey releasing a statement that read, “Divestment stands to cost New York pensioners millions while having no tangible impact on the environment or targeted companies. New York should focus on creating value for the men and women who rely on the state pension fund for a secure retirement, not costly political gestures.” Cuomo did not suggest where the retirement fund should move its investments to, if they are removed from fossil fuel companies. Read the full story in Capitol Confidential.