With democRATs in charge, what could go wrong?
Biden nominated Obamanoid Sarah Bloom Raskin to be the Fed Vice Chair for Supervision — in charge of regulating the banking system. This lunatic has been outspoken in her braindead view that the banking regulatory function needs to be Greener....... co-opted into the service of the climate agenda and suppression of fossil fuels.
$8B in NYC pension funds turned over to AOC-driven Green New Deal investments
New York Post ^ | October 21, 2021 | Julia Marsh and Sam Raskin
Posted on 10/21/2021, 11:12:23 PM by karpov
Rep. Alexandria Ocasio-Cortez’s Green New Deal agenda is now governing the future of city pension funds, Mayor Bill de Blasio and city Comptroller Scott Stringer announced Thursday.
Self-described socialist AOC was on hand at City Hall Thursday as the city politicians, each with less than three months left in office, pushed $8 billion in investments to her Green New Deal agenda — detailing their commitment of the Big Apple’s pension investments to climate-friendly companies.
The $8 billion through 2025 amounts to a down payment toward a previously stated commitment by de Blasio for $50 billion in pensions funds invested in green-minded companies.
“I want to give credit where credit is due. It took vision and it took an incredible sense of what is possible and how to push the spectrum and reset our imaginations and we got that from a great leader,” de Blasio said during his daily press briefing, before introducing AOC, who joined Hizzoner on the dais amid negotiations on President Biden’s spending bill.
“Thank you so much for changing people’s minds, and resetting the entire sense of the possible with the Green New Deal. It is extraordinary,” the far-left Bronx-Queens Democrat said.
“What you did changed debate in this country permanently and that’s one of the highest callings I can imagine, to help people see a new reality,” Ocasio-Cortez gushed.
The mayor and comptroller on Thursday morning detailed a plan for three city pension funds to reach net-zero greenhouse gas emissions in their investment portfolios by 2040.
The blueprint includes a goal to double investments in renewable energy and “green real estate” to over $8 billion by 2025 and invest more than $37 billion in “climate solutions investments” by 2035, according to the mayor’s office.
(Excerpt) Read more at nypost.com ...