AOC gets NYC pension funds to go green

Rep. Alexandria Ocasio-Cortez’s Green New Deal agenda is now governing the future of city pension funds, Mayor de Blasio and city Comptroller Scott Stringer announced Thursday.

Self-described democratic socialist AOC was on hand at City Hall Thursday as the city politicians, each with less than three months left in office, pushed $8 billion in investments to her Green New Deal agenda — detailing their commitment of the Big Apple’s pension investments to climate-friendly companies.

The $8 billion through 2025 amounts to a down payment toward a previously stated commitment by de Blasio for $50 billion in pensions funds invested in green-minded companies.

“I want to give credit where credit is due. It took vision and it took an incredible sense of what is possible and how to push the spectrum and reset our imaginations, and we got that from a great leader,” de Blasio said during his daily press briefing, before introducing AOC.

Ocasio-Cortez, a Bronx-Queens Democrat, responded, “Thank you so much for changing people’s minds, and resetting the entire sense of the possible with the Green New Deal. It is extraordinary.”

The plan is for three city pension funds to reach net-zero greenhouse-gas emissions in their investment portfolios by 2040.

The blueprint includes a goal to double investments in renewable energy and “green real estate” to over $8 billion by 2025 and invest more than $37 billion in “climate-solutions investments” by 2035, according to the mayor’s office.

City Hall defines fossil-fuel companies as oil, gas, coal or tar sands in the ground, according to John Adler, director of the Mayor’s Office of Pensions and Investments.