And board members. The chamber and Committee Room are closed. This is pursuant to local, state and federal orders and directives. Committee members will attend through video conference. Public comment is available for each item on cable channel 26 and sfgovtv streaming the call in number across the street at this time. The opportunity to speak and provide comments during the Public Comment period will be available by calling 4156550001. Following that you will be prompted to enter the meeting id which is 187 4906868. Followed by pound twice to be connected to the meeting. When connected you will hear the discussions but your line will be in his senning mode only. Dial star to be added to the speaker line. Wait until unmuted to begin comments. Call from quiet location, speak clearly and slowly and turndown your television, radio or streaming device. There are time delays between live coverage and streaming. You may submit Public Comments by emailing me. John carroll at sfgovtv. Org. If
Are still prohibited. Please turn your devices off. Due to the covid health emergency, commission, and staff, meeting room 416 is closed. However, staff and commissioners will be participating in the meeting remotely. This is according to the local order and all state and local directives. Public comment will be available on each item on this agenda. Sfgovtv. Org are streaming the number up at the top of the screen. Comments or opportunities to speak during the Public Comment are available via phone call by calling 4156550001 and entering access code 1870861685. Best practice is to call from a quiet location and speak slowly and clearly. I will now call the roll. [roll call] clerk okay. President stevenson, we have a quorum. All right. Next item, please. Clerk all right. Our next item is item 2, president s welcome, and this item is for discussion. Hello, everyone, and thank you for joining us for this special meeting of the commission of the environment. We will start off this meeting
Commissioners will be participating in the meeting remotely. This is according to the local order and all state and local directives. Public comment will be available on each item on this agenda. Sfgovtv. Org are streaming the number up at the top of the screen. Comments or opportunities to speak during the Public Comment are available via phone call by calling 4156550001 and entering access code 1870861685. Best practice is to call from a quiet location and speak slowly and clearly. I will now call the roll. [roll call] clerk okay. President stevenson, we have a quorum. All right. Next item, please. Clerk all right. Our next item is item 2, president s welcome, and this item is for discussion. Hello, everyone, and thank you for joining us for this special meeting of the commission of the environment. We will start off this meeting by the commissions newly adopted land acknowledgement. When the Commission Last met, we voted to acknowledge that we are on the Ramaytush Ohlone land by rea
the agenda and this is item number 4. we ask that you fill out a speaker card at the table and hand them to me and i ll hand them to the president and the president will call folks in the order we receive them. we will call up folks after they receive the cards if you would like to speak anonymously. (role call). call (commissioner chu is(role. we have a quorum. great. good evening and thank you for coming out to this very important meeting of the commission on the environment. as is normal for our january meeting, we do more administrative items like reviewing and approving the department budget, reviewing and approving the annual report and officer elections. before i get started, i wanted to say what a busy and productive year 2019 was for the commission. we joined supervisor mendlemam in tea clearin declaring a climy and seems like the world mobilized under the leadership of greta thunberg. i was fortunate enough to participate and attend the women for climate confere
investment group did a 25-year study and looked at the spear speared period and a divested portfolio would have slightly-improved 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 you d 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 risk-adjusted returns and these findings can be explain the fact that fossil fuel company portfolios do not generate above market perfor