Climate risk is financial risk, John.
And I’m taking every step necessary to invest responsibly on behalf of City retirees — even in the face of right-wing attacks.
After three New York City pension funds made the decision to divest from publicly traded fossil fuel reserve owners, right-wing anti-ESG(environmental, social & governance) activists filed a lawsuit, Wong et al v. NYCERS, challenging our decision.
Let’s be real about what this lawsuit really was: An attempt to undermine New York City’s transition to a low-carbon economy.
But last week, the New York County Supreme Court finally dismissed Wong et al v. NYCERS, shutting down the right-wing lies about responsible investing in its tracks.
This decision is a big win for common-sense responsible investing, for current and future City retirees, and for the future of our City and our planet.
John, I’ll always take bold, decisive action on climate change. I’m not afraid of anti-ESG forces. And I will never take a dime from the fossil fuel industry.
If you’re with me, please pitch in today to show your support for responsible investing that’s good for our climate and City retirees.
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Thank you,
Brad