New York City's Climate Investment Dilemma
New York City is at a crossroads. The outgoing city comptroller, Brad Lander, is pushing for a major shift in how the city's pension funds are managed. He wants to move away from BlackRock, the world's largest asset manager, due to concerns about climate change. This is a big deal because BlackRock manages a huge chunk of the city's retirement money, about $42. 3 bil...