Impact of fossil fuel usage. Second, the committee is encourages by the sixpoint recommendation for taking action on this topic, but would like to request more information regarding specific timelines for each of the action items lefted in the staff plan. The committee would like to communicate their grave concern regarding the possibility of a mass divestment of fossil fuels within a short time frame. The committee would advocate that the board undertake no such rash action until completing a complete analysis of the Financial Impact the effect it would have on pension performance and costs. We appreciate and understand the desire to divest from fossil fuels from different entities, but we must understand the implications of such a decision before its made. Sorry. Time. Thank you very much. Again, everyone has 1 minute. Were going to announce loudly when you are at your 1minute mark. Understand the constraints we have. Sara greenwald, are you present . Seeing shes not here. I will set
That we double up in this category then . You are a consultant. You are giving us advice for now and in the future. So if you believe its going to go up, why was that not in the recommendation that came before the board . Everybody in this room needs to understand that you hold securities in two places. You give them to managers and those managers make the decision on if the security is attractively valued or not. As a consultant, why dont you recommend us investing more money in the field if you think its going to go up . Were not recommending adding Additional Energy to the portfolio unless a manager hired to make that recommendation determines that thats what they should do. Were arguing that you dont take away that choice from them. The figures i quoted to you do not embed an expectation that Energy Prices will increase. What they do embed is taking energy away diversifies the portfolio. You made a statement that were making a political statement. Could you please back that up . My
Would have on pension performance and costs. We appreciate and understand the desire to divest from fossil fuels from different entities, but we must understand the implications of such a decision before its made. Sorry. Time. Thank you very much. Again, everyone has 1 minute. Were going to announce loudly when you are at your 1minute mark. Understand the constraints we have. Sara greenwald, are you present . Seeing shes not here. I will set her speaker card aside. Phil casky, followed by margaret pierce. Phil casky, retired from the Water Department. I think i want to say briefly the Water Department is an incredibly wonderful system. Its one of the most protected systems in the world. And we didnt get that way by being unprotective of the environment. So burning fossil fuels is not protective of the environment. And i would like to keep the water system the way it is and i think that San Francisco can be a leader in many, many ways and by divesting is one way to do it. Thank you. Tha
Board president knowing she was a heartbeat away from mayorship. Now we have our first woman of color as mayor and they want to snatch it upon. Many large municipalities in my home state of pennsylvania have supervisor or mayor on an interim basis. Im a far lefty granola girl that locks horns with moderates. That will happen in the future. And today is not one of those days. I would kindly support women of color. It should be decided by voters and not the board this berniecrat said, let london breed. And i do support supervisor ronens immigrant supplemental. Im a big believer in racial and immigrant justice. So thank you very much. Acting mayor breed thank you for your comments. Next speaker, please . I guess im the naysayer in this group. I think that we dont need a caretaker mayor. We need to have an election to have a mayor and maybe our we need an independent caretaker mayor. Thats what i meant to say. Sorry. Since im not going to stay for the next round, i will throw out art agnes
Hi. Im liva shepherd im at city college of San Francisco, also a drug and alcohol counsellor and Mental Health. When i received this information that is going on in the city of San Francisco, my heart, mind, soul and spirit was disturbed. It is quite disturbing that we now have this africanamerican woman, who is more than qualified, because you put her in office twice, and have stepped up into this position, was put into this position, and now you are talking about removing her. We as africanamerican people, we as his panic people, we as asian people, we as the people of america can see that this represents nothing but racism. The reason why it represents racism is because when Dianne Feinstein was in the same, identical position, there was nothing that was mentioned about her being removed from office. It is not okay. It is not okay. There is no reason to not be able to hold her position as supervisor and mayor. Thats the ordinance. We dont get to change it as an africanamerican woman