New York City Comptroller Pushes for BlackRock's Removal Over Climate Concerns
ByAinvest
Wednesday, Nov 26, 2025 7:07 am ET1min read
BLK--
New York City Comptroller Brad Lander is urging pension fund officials to rebid $42.3 billion managed by BlackRock due to climate concerns. Lander's recommendation will put Mayor-elect Zohran Mamdani in the hot seat when he takes office in five weeks. Lander cited BlackRock's restrictive approach to engagement and its decision to abandon discussions with executives to control companies. Mamdani's appointees will have sway over the pension boards that decide where to invest retirement funds for 800,000 current and former city employees.
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