“New York State’s comptroller, Thomas DiNapoli, announced on Wednesday that the state would begin divesting its $226 billion employee pension fund from gas and oil companies if they can’t come up with a legitimate business plan within four years that is aligned with the goals of the Paris climate accord. Those investments have historically added up to roughly $12 billion.
The entire portfolio will be decarbonized over the next two decades. “Achieving net-zero carbon emissions by 2040 will put the fund in a strong position for the future mapped out in the Paris Agreement,” he said in a statement.” . . .
Thank you Bill McKibbon.
Here is denier comment, followed by my response to it:
It may be a victory for climate activists, but it’s a defeat for humanity. Fossil fuels are the reason we aren’t living like medieval peasants in cold smoky (burning biofuels) huts. Climate change is real, and anthropogenic, but it isn’t hurting us. Net, it is probably beneficial, extending growing seasons, making it easier and cheaper to keep warm in the winter, enriching the atmosphere with CO_2 that plants need, and increasing rainfall in arid regions. I am a professor of Physics, and understand much more about greenhouse gases than Mr. McKibben. I am interested in the welfare of humanity, not in McKibben’s mystical pre-industrial Eden.