Posted on 10/21/2021 8:12:23 PM PDT 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 ...
Oh man, Unions are going to be pissed when this is all pissed away.
If the green new deal becomes law it will make her the most successful politician in history, based on the amount of federal money vs her time in office.
Good.
I hope the pensions turns to dust. Sorry employees, you and your neighbors voted for these Marxists.
Bill de Blasio handed $850 million over to his wife, and it was never seen again. de Blasio and Stringer will be out of office in 3 months. What a great reason to move billions of dollars from pension funds, so that if it all turns to shit, and the invested money disappears, they won’t be in office to be held accountable.
I hope your genitals dry up and turn to dust...painfully, you ignoramus. I am a NYC retired teacher and that pension makes up a large part of my income. I never voted for DumblASSio, AOC, or any other lefty. Especially 30 years ago, when I undertook to work for the NYC public schools. I guess the incompetent hack State AG, Letitia James, is too busy making up lawsuits against Trump to question this outrageous and very likely illegal undertaking.
Zero sympathy for you or your fellow NYC union employees. Your votes over the last 20 years are coming home to roost. Embrace the Marxism.
Another $8B go swirling down the toilet...
Good place to put your money for the remainder of Chomo Joe’s regime. We taxpayers will be pouring trillions i that garbage. Get out January 2024
Bobby Axelrod
Kiss it goodbye.
I suspect that you are essentially being robbed.
Say bye, bye, money.
That’s like pouring all that pension money down a black hole. A whole bunch of New Yorkers are going to lose their retirement money.
I don’t wish you financial ruin. It’s the same reason I am leaving California because although I didn’t vote for any of the madness there are enough people on the door and clinically insane to vote for left his policies. Whenever you are in the minority in the sanity category things like this happen. AOC is dumb as a box of rocks and Wilhelm is a Commie.
The Solyndra municipal union pension fund. Enjoy the suck.
Note that the NYP never names the specific pension funds.
I wonder how many of the funds are exposed to China...
That includes you, you know.
When they come after taxpayers for the inevitable bailout.
“Oh man, Unions are going to be pissed when this is all pissed away.”
They’ll just get the rest of us to bail them out.
Green New Deal receives 2B ?.
New deal indeed always tap a chump.
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