Look at the body of evidence it reaches the same conclusion. Itee body of evidence it reaches the same conclusion. Jed holtzman, 350 bay area. Thank you very much. President bermejo and commissioners. My name is jed holtzman. Im a senior policy analyst for 350 bay area working on several projects in the nine county bay area to try to keep Greenhouse Gases in the ground. Id like to thank commissioner ahn and hoyos for this measure. Debbie, the commission, putting this in front of you all and Victor Makras with whom wed be nowhere. When the board of supervisors passed this fossil free sf was born. And it was born as me going alone to the retirement board and getting glared at. Luckily things changed shortly thereafter and its only continued to grow and grow and grow. As youve heard the retirement board has been recalcitrant to say the least. So i want to thank you supervisor avalos and peskin and the staff of the offices for getting us to this point. I dont really have anything to say be
Investment group did a 25year study and looked at the spear speared period and a divested portfolio would have slightlyimproved performance and no risk in terms of volatility. In depend independently there was another conclusion. Again, two pieces of historical evidence pointing towards divestment honoring the fiduciary duty standard. Ideally youd have a study that looks at fossil fuel divestment conducted by academics and look back further to the historical track record. Thankfully such a study was conducted last year at the university of grogenheim and looked at it before the Great Depression to the great recession. I have the study if anyone wanted to look at it, if you look at the length and the vigor and the methodology, this is hand down the best in terms of look at the issue and the result quote sunday divestment did not reduce riskadjusted returns and these findings can be explain the fact that fossil fuel Company Portfolios do not generate above Market Performance and they pro
Thank you very much. President bermejo and commissioners. My name is jed holtzman. Im a senior policy analyst for 350 bay area working on several projects in the nine county bay area to try to keep Greenhouse Gases in the ground. Id like to thank commissioner ahn and hoyos for this measure. Debbie, the commission, putting this in front of you all and Victor Makras with whom wed be nowhere. When the board of supervisors passed this fossil free sf was born. And it was born as me going alone to the retirement board and getting glared at. Luckily things changed shortly thereafter and its only continued to grow and grow and grow. As youve heard the retirement board has been recalcitrant to say the least. So i want to thank you supervisor avalos and peskin and the staff of the offices for getting us to this point. I dont really have anything to say besides this is an exceptionally common sense measure. We need to put the citys money where its mouth is and i guess to lee hepners point in term
Look at the body of evidence it reaches the same conclusion. Itee body of evidence it reaches the same conclusion. Jed holtzman, 350 bay area. Thank you very much. President bermejo and commissioners. My name is jed holtzman. Im a senior policy analyst for 350 bay area working on several projects in the nine county bay area to try to keep Greenhouse Gases in the ground. Id like to thank commissioner ahn and hoyos for this measure. Debbie, the commission, putting this in front of you all and Victor Makras with whom wed be nowhere. When the board of supervisors passed this fossil free sf was born. And it was born as me going alone to the retirement board and getting glared at. Luckily things changed shortly thereafter and its only continued to grow and grow and grow. As youve heard the retirement board has been recalcitrant to say the least. So i want to thank you supervisor avalos and peskin and the staff of the offices for getting us to this point. I dont really have anything to say be
Gases in the ground. Id like to thank commissioner ahn and hoyos for this measure. Debbie, the commission, putting this in front of you all and Victor Makras with whom wed be nowhere. When the board of supervisors passed this fossil free sf was born. And it was born as me going alone to the retirement board and getting glared at. Luckily things changed shortly thereafter and its only continued to grow and grow and grow. As youve heard the retirement board has been recalcitrant to say the least. So i want to thank you supervisor avalos and peskin and the staff of the offices for getting us to this point. I dont really have anything to say besides this is an exceptionally common sense measure. We need to put the citys money where its mouth is and i guess to lee hepners point in terms of specifying the motion i want to provide an example of the retirement board and the commitments they make and the follow through. So one of the milestones was to divest from coal as a good first step. They