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<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">LIU is likely to benefit from significant new goals set by New York State, including a dramatic expansion in offshore wind.  New York’s plan could place Long Island at the forefront
 of a new offshore wind industry.  Eventually, these regional investments will significantly reduce campus greenhouse gas emissions from the electric grid.  LIU should develop complementary strategies for reducing its greenhouse gases from heating and transportation
 systems.  LIU should also consider the impacts generated from other campus operations such as food services.  Many universities have also divested their stock portfolios from fossil fuel industries, anticipating that these industries may not be good long-term
 investments.  The following information suggests that New York may increase its investments in renewables by as much as $1 billion dollars in 2020.<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;background:white">
<b><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">NY Renews, Coalition Behind NY’s Climate Law, Seeks $1 Billion in 2020 NYS Budget</span></b><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt"> <o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:center;background:white">
<i><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">Coalition says $1 billion is a down payment on a Just Transition for New York State</span></i><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt"><o:p></o:p></span></p>
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<b><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">Albany, NY —
</span></b><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">NY Renews, the coalition behind the nation’s most aggressive climate law, today announced its goal for a $1 billion Climate and Community Investment Fund in the 2020 New
 York State budget in a letter to Governor Andrew Cuomo. <o:p></o:p></span></p>
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<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">“The climate crisis requires immediate action from every level of government. The Climate Leadership and Community Protection Act set a necessary mandate for New York to get off
 of fossil fuels while investing in communities most impacted by the crisis. We need major investments to meet our goals as a state, and the Climate and Community Investment Fund is the first step,”<b> said Stephan Edel, Director at the New York Working Families
 Project and a member of the NY Renews Steering Committee. </b><o:p></o:p></span></p>
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<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">$1 Billion would help New York State to:<o:p></o:p></span></p>
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<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">begin to clear the air in communities plagued by pollution,
<o:p></o:p></span></li><li class="MsoListParagraph" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo2;background:white">
<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">give communities more control over their energy sources,
<o:p></o:p></span></li><li class="MsoListParagraph" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo2;background:white">
<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">reduce greenhouse gas emissions and
<o:p></o:p></span></li><li class="MsoListParagraph" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:0in;mso-list:l0 level1 lfo2;background:white">
<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">create a livable state.
<o:p></o:p></span></li></ul>
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<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">NY State’s Climate and Community Investment Fund will be directed into four programs: <o:p></o:p></span></p>
<ul style="margin-top:0in" type="disc">
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<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">The
<b>Climate Jobs and Infrastructure Fund</b> ($300 million) will invest in solar and offshore wind, as well as updating New York State’s energy transmission and grid infrastructure to increase reliability. <o:p></o:p></span></li><li class="MsoNormal" style="margin-top:6.0pt;margin-bottom:6.0pt;mso-list:l1 level1 lfo1;background:white">
<b><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">Community Just Transition Grants</span></b><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt"> ($300 million) will target investments to catalyze community
 led planning and projects to increase efficiency and build out local renewable projects.<o:p></o:p></span></li><li class="MsoNormal" style="margin-top:6.0pt;margin-bottom:6.0pt;mso-list:l1 level1 lfo1;background:white">
<span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">The
<b>Worker and Community Assurance Program</b> ($200 million) will fund programs for fossil fuel industry workers and host communities and replace lost tax revenue through direct grants to local governments. <o:p></o:p></span></li><li class="MsoNormal" style="margin-top:6.0pt;margin-bottom:6.0pt;mso-list:l1 level1 lfo1;background:white">
<b><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt">The Preparing for the Future Fund</span></b><span style="font-size:13.5pt;font-family:"Georgia",serif;letter-spacing:.4pt"> ($200 million) will invest in efficiency programs for
 buildings and public transportation. Funds will be specifically directed to low-income communities through the low-income heating assistance program, and through partnerships with public and affordable housing developments.<o:p></o:p></span></li></ul>
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