8legs: Blackrock

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Brad Lander’s last (we hope) lunacy: a ‘climate’ hissy fit

Lander urged New York City pension funds to sever ties with BlackRock, Fidelity, and PanAgora over climate policy changes.
The call frames climate risk as financial risk and argues it should influence pension investment decisions.
Critics described the move as performative virtue signaling rather than prudent fiduciary action.
BlackRock and other fund managers faced pushback amid debates over decarbonization and investment strategy.
The article suggests decarbonizing pensions may not influence planetary outcomes and could reduce returns.
Lander leaves office on Dec. 31, with speculation about his future in politics and potential primary challenges.
The piece includes columnists' perspectives on political and safety implications of the pension funds' decisions.
The article cites ongoing scrutiny of BlackRock’s stance on climate-related policies.
The piece positions Lander as leaving office amid criticism of his approach to climate policy.
The analysis frames the debate as a clash between ideological advocacy and fiduciary responsibility.

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