Brad Lander’s last (we hope) lunacy: a ‘climate’ – Latest News
Heading out of workplace on a characteristically pathetic notice, metropolis Comptroller Brad Lander mounted his high horse to demand metropolis pension funds burn money on a symbolic stand in opposition to clmate change.
Fund officers should cut ties with BlackRock, Fidelity Investments and PanAgora Asset Management, he preached — as a result of these corporations have stopped bowing to the anti-carbon hysteria.
“Climate risk is financial risk,” Lander emoted. “You can see it all around you in an increased number of flash floods and wildfires.”
Never thoughts that precise science doesn’t show such impacts from world warming, nor do main firms fail to account for all method of real draw back dangers of their earnings forecasts: Loons like Lander need the financial world to faux that each firm that isn’t (wrongly) assuming a climate disaster is coming isn’t price investing in.
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BlackRock rightly slammed Lander’s hissy match as “another instance of the politicization of public pension funds, which undermines the retirement security of hardworking New Yorkers.”
Lander’s insistence on performative virtue-signaling, as an alternative of performing within the best curiosity of 800,000 present and former metropolis staff (and the taxpayers who in the end guarantee public pensions) is one more reason to cheer his departure from the town payroll.
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The merely reality is that “decarbonizing” pension funds gained’t do a darned factor to avoid wasting the planet, however solely scale back the returns on the funds’ investments.
An sincere comptroller wouldn’t try to waste public monies on ideological interest horses.
Cross your fingers that Lander’s Dec 31 exit from the comptroller’s workplace will mark the top of his disgraceful political profession.
And pray that Democratic voters don’t entertain this preposterous fraud’s anticipated problem to Rep. Dan Goldman in subsequent June’s main: Make Brad lastly must earn a dwelling within the non-public sector.
