That was such a different time. During the nearly two years since that spring 2012 vote the retirement board has done little but waffle and mumble about how risky it might be. Ive been to those meetings, i speak from experience. The world has moved forward around them and the reason to divest in momentum to do them have grown spectacularly. The reasons that i think motivate it had board of supervisors to vote was the reality of Climate Change and the scientific news keeps getting more terrible in the 20 months since you vote. Were now in a race to save the world from the worst Case Scenario frs Climate Change divest ment as this retirement board was asked to do. Another aspect thats change td since april of 2013 is the new energy landscape. Even a few years ago its here. Renewable cheap energy is seriously impacking traditional Power Generation an power companies. In the u. S. Coke brothers i could go on about that. The third is the carbon bubble. More and more authority, the bank of l
The scientific news keeps getting more terrible in the 20 months since you vote. Were now in a race to save the world from the worst Case Scenario frs Climate Change divest ment as this retirement board was asked to do. Another aspect thats change td since april of 2013 is the new energy landscape. Even a few years ago its here. Renewable cheap energy is seriously impacking traditional Power Generation an power companies. In the u. S. Coke brothers i could go on about that. The third is the carbon bubble. More and more authority, the bank of london, the british financial minister say wezre in the midst of a carbon bubble that could plummet and make the retirement board has to the tune of i think 3500 million thats worthless. So lets catch up. Thank you. Thank you for your Public Comment. That ng you. And again, im dpoing to have to remind everyone that your Public Comments must be confined to this item which is about wendy paskinjordans reappointment. Please continue your comments in r
Td since april of 2013 is the new energy landscape. Even a few years ago its here. Renewable cheap energy is seriously impacking traditional Power Generation an power companies. In the u. S. Coke brothers i could go on about that. The third is the carbon bubble. More and more authority, the bank of london, the british financial minister say wezre in the midst of a carbon bubble that could plummet and make the retirement board has to the tune of i think 3500 million thats worthless. So lets catch up. Thank you. Thank you for your Public Comment. That ng you. And again, im dpoing to have to remind everyone that your Public Comments must be confined to this item which is about wendy paskinjordans reappointment. Please continue your comments in relation to these items or else we will have to sprupt you. Interrupt you. Thank you very much. My name is brett, im Senior Analyst at 350. Org. My job is to track Public Institutions reaction and Due Diligence to what is now called carbon risk. The
Whats the value of the assets managed by the board . Approximately 20 billion. And how many employees are impacted, if you will, in terms of the retirement . How many employees are we talking about . Active and retirees we have over 56,000 members. Okay. What i would say is i personally think we have a responsibility to these workers, to these retirees to make sure that when you have people that are part of this seven member body that oversee 20 billion in assets, that the individuals are complying with the highest ethical standards and i think in this case were not sure one way or the other whether or not the law was violated. And i actually think its a disservice to those individuals. , and quite frankly a disservice to this individual to move forward without giving the individual the opportunity to say something. I dont think it makes sense for how much we value compliance with ethical standards for us to move forward the application on the idea that if this individual is found to h
Another aspect thats change td since april of 2013 is the new energy landscape. Even a few years ago its here. Renewable cheap energy is seriously impacking traditional Power Generation an power companies. In the u. S. Coke brothers i could go on about that. The third is the carbon bubble. More and more authority, the bank of london, the british financial minister say wezre in the midst of a carbon bubble that could plummet and make the retirement board has to the tune of i think 3500 million thats worthless. So lets catch up. Thank you. Thank you for your Public Comment. That ng you. And again, im dpoing to have to remind everyone that your Public Comments must be confined to this item which is about wendy paskinjordans reappointment. Please continue your comments in relation to these items or else we will have to sprupt you. Interrupt you. Thank you very much. My name is brett, im Senior Analyst at 350. Org. My job is to track Public Institutions reaction and Due Diligence to what is