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.
Source: NYC’s Comptroller Strikes Back at Republicans’ ESG Criticisms – Bloomberg
