New York City leaders have boasted about using worker retirement savings to advance their climate agenda. They may come to regret it after several city workers this month sued their pension funds for putting climate over financial returns.
A Lawsuit To Protect Pensions From Climate Socialism - Climate Change Dispatch
Pension investment should be used to benefit the pensioner for their retirement. Investing in good returns should be top priority. If the green economy has really good returns, then by all means put the money there. Climate is pure physics with clear consequences spelled out good and bad. Pensions then can also benefit society by not investing in fossil fuels when it is so detrimental to our futures.
ReplyDeleteBut pension funds must not be used for political purposes, even if the fund manager believes it to be a good cause.
ReplyDeleteClimate is an issue of reality based in science. Political based on your view should exclude fossil fuels.
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