#1
#1 out of 1
politics1d ago
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.
Vote 0