This reason if we dont kill fossil fuels, they will kill us. We have very little time before we pass over climate system tipping points that will make it impossible for all of our efforts to try to stop Climate Change. If you dont get out of fossil fuels and use clean energy, were leaving a world uninhab uninhabitable for our children and grandchildren for tens of thousands of years. Lets make the right move, moral move, the move that divests from fossil fuels now. Thank you. Thank you very much. Up next, we have mary Jean Mary Jean [inaudible] thank you very much. Up next, eddie ahn, followed by john stinson, followed by jonathan coker, followed by betty holiday. Thank you very much. Up next, we have john stinson, followed by jonathan coker. Im john stinson. Im a 43year member of the pension fund. I came 30 minutes early to this meeting and you started 30 minutes late. I dont think youve ever started a meeting on time. Will you meet start meetings on time. And the biggest threat to hu
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
Melanie louis . I have worked for the city and Health Department the last 30 years, last 18 years in the emergency department. I want to ask all of you to do the right thing. We, who benefit from our pension, dont want our pension money invested in evil. Fossil fuel is evil. Its hurting its hurting what will be left of our planet for our grandchildren and i encourage all of you to vote to divest all of our money from fossil fuels. C. Landry and Carol Brownson after that. I decline to speak. Ruth magony. I worked in the library for the city for 40 years, worked hard for my retirement. Over the last four years, ive been doing research on fossil fuels and investments and though Nelson Mandela said, well, everything that you gave up in the best things from south africa, somebody else picked up, it was still powerful enough a message to south africa and the world that there were disinvestments. My studies have shown that the nonfossil fuel investments have been going up steadily. The social
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