Will New York City Drop BlackRock Over Climate?
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NEWSLETTER
New York City Comptroller Brad Lander has long spoken about aligning finance with net-zero climate targets, like at this event in 2024. Erik McGregor via Rainforest Action Network / Flickr | Illustration: New York Focus
Outgoing Comptroller Brad Lander wants the city’s pension funds to reconsider $42 billion in investments with the firm, but it may fall to his successor to take action.
By Colin Kinniburgh

New York City Comptroller Brad Lander has a message for the world’s biggest investment firm: Clean up your act, or lose our money.

Just before Thanksgiving, the outgoing comptroller — and now congressional candidate — published a letter to the trustees of the city’s largest pension funds, recommending that they rebid $42 billion worth of investments entrusted to BlackRock, the world’s largest money manager. The firm, which manages roughly one-fifth of the city’s $300 billion pension systems, has failed to live up to the funds’ net-zero climate standards, Lander said.

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Two AmeriCorps members work on a stone staircase at Anthony’s Nose on Oct. 17, 2025. Sam Mellins/New York Focus
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Copyright © New York Focus 2024, All rights reserved.
Staying Focused is compiled and written by Alex Arriaga
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