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NYC’s Comptroller Strikes Back at Republicans’ ESG Criticisms

  • Lander says Republican politicians are misguided on climate
  • BlackRock ranks as largest outside manager of NYC pension plan
Brad Lander
Brad LanderPhotographer: Christopher Goodney/Bloomberg

New York City Comptroller Brad Lander, who helps oversee about $240 billion in pension funds, said efforts by conservative US states to thwart the financial industry’s plans to address climate change are just a cover to defend the interests of oil companies.

Lander is referring to the growing backlash by elected officials from Republican-led states including Texas and West Virginia against companies that have curbed business with the oil and gas industries. A bevy of states have enacted laws in the past year to curtail ties to companies that engage in so-called boycotts of the energy industry.