Comptroller Brad Lander announced a new climate policy that will make New York City’s dirty money managers clean up their investments – or risk losing $300 billion in business with the city’s pension funds.
Thanks to Comptroller Lander, NYC will use the power of its enormous pension funds to stand up to Donald Trump and Wall Street’s dirtiest polluters.
Starting in June, the City will evaluate the pollution footprints of each of its 200-plus money managers and send any failing managers’ city contracts to a rebid process to hire better, cleaner managers.
This is a huge win for our climate and communities, Friend. The world’s dirtiest money managers like BlackRock and KKR now have a major incentive to move investments away from oil, gas, and coal projects destroying our climate.
With this move, our city will set the world’s leading policy for any large public investment fund to clean up Wall Street’s dirtiest companies – and protect both the people’s money and the planet from Trump’s climate chaos.
This victory is a testament to our movement – and we’re going to need serious resources to keep winning with Trump’s relentless attacks on our communities and nonprofits like ours.
Right now, progressive states and politicians must be bold and stand up to Trump and his billionaire cronies. We’re grateful for Comptroller Lander’s leadership on this issue, and we’re so proud to be part of this major victory for our movement and planet.
You can make a donation by finding the “Additional contribution” box at the bottom of the form.
Sent via ActionNetwork.org.
To update your email address, change your name or address, or to stop receiving emails from New York Communities for Change (NYCC), please click here.
