Brad Lander’s latest (hopefully) craziness: a “climatic” hissing fit.
Share this content:

After exiting office on a pathetic note, City Controller Brad Lander rode his high horse to demand the city’s pension funds burn money in a symbolic stance against change.
Fund officials Ties with BlackRock should be severedAnd Fidelity Investments and Panagora Asset Management, he preached – because these companies stopped caving in to anti-carbon hysteria.
“Climate risks are financial risks,” Lander said. “You can see it all around you in the increasing number of floods and wildfires.”
This doesn’t matter actual sciences It doesn’t show such effects of global warming, nor do big companies fail to take all kinds of real downside risks into account in their earnings forecasts: lunatics like Lander want the financial world to… He claims That every company is not (wrong) Assuming A coming climate catastrophe is not worth investing in.
BlackRock rightly criticized Lander’s hissy fit, calling it “yet another example of the politicization of public pension funds, which undermines the retirement security of hardworking New Yorkers.”
Lander’s insistence on performative virtue signaling, rather than action in Best interest The city’s 800,000 current and former workers (and the taxpayers who ultimately guarantee public pensions) are another reason to rejoice at his departure from the city’s payroll.
The simple truth is that “decarbonizing” pension funds will do nothing terrible to save the planet; it will only reduce the returns on their investments.
that Amen The Comptroller will not seek to waste public funds on ideological hobby horses.
And remember, Lander’s departure from the comptroller’s office on December 31 will mark the end of his disgraced political career.
And we pray that Democratic voters don’t relish the anticipated challenge this preposterous fraud poses to Rep. Dan Goldman in next June’s primary: make Brad finally have to make a living in the private sector.
Post Comment