Cuomo Plan to Divest Pension Fund from Fossil Fuels Cost NY $1T

Andrew Cuomo – tinhorn dictator of NY

Sorry to harp yet again on the tinhorn dictator Andrew Cuomo, so-called governor of New York, but his actions are so egregious, so outside the mainstream, we can’t keep silent. Cuomo is bragging that he’s not only shut down fracking in the state, he’s also blocking natural gas pipelines and blocking new gas-fired electric generating plants. He’s clinically off his rocker. And now Cuomo is pushing NY’s public employee pension fund to completely divest any stock holdings in fossil fuel companies. University of Chicago Law School Prof. Daniel Fischel and Compass Lexecon economists Christopher Fiore and Todd Kendall have analyzed the risks associated with fossil fuel divestment by both New York and Colorado’s retirement funds. They found that over the next 50 years, divesting NY’s retirement fund will cost NY pensioners $1 TRILLION of value they otherwise would have had in their pockets. Will anyone have the guts to stop the Cuomo train wreck before it’s too late?…

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