NY A01101

Creates an exclusion list within 6 months of coal producers (deriving 10%+ of annual revenue from thermal coal, accounting for 1%+ of global coal production, or holding 0.3+ gigatons of potential carbon dioxide in reserves) and oil and gas producers (deriving 20%+ of annual revenue from oil/gas, accounting for 1%+ of global production, or holding 0.1+ gigatons of potential carbon dioxide in reserves).

Requires the Teachers' Retirement System to divest from all stocks, securities, equities, and assets of companies on the exclusion list within 1 year for coal producers and 2 years for oil and gas producers, and cease new investments in such companies.

Permits divestment from private equity and private debt investments within 5 years from the effective date, and allows investments in index funds if fossil fuel investments do not exceed 1% of assets annually.

Allows corporations or companies to request removal from the exclusion list by providing clear and convincing evidence they no longer qualify as coal or oil and gas producers.

Requires the Retirement Board to issue annual reports to the legislature detailing divestment compliance and provide 60-day public comment periods, while protecting the system and its board members from private lawsuits related to good-faith divestment actions.