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Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

Why are the billionaires laughing?

It’s easy to laugh when the corporate press treats you as a glorious success instead of the epitome of a broken social order. Billionaires laugh because they know the corporate media prefers to fawn over them rather than hold them to account.

Today, we ask you to support our nonprofit, independent journalism because we are not impressed by billionaires flying into space, their corporations despoiling our health and planet, or their vast fortunes safely concealed in tax havens across the globe. We are not laughing.

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For Immediate Release

Press Release

Largest Federal Employee Union Applauds Biden Push to Remove Fossil Fuel Securities from Retirement Funds

AFGE says Biden action is good for employees and the environment.
WASHINGTON -

American Federation of Government Employees National President Everett Kelley today issued the following statement in support of an executive order issued by President Biden that calls for the Federal Retirement Thrift Investment Board to review whether to remove fossil fuel securities from the Thrift Savings Plan as part of a larger assessment of the government’s climate-related financial risks:

“Curbing investments in harmful fossil fuels is not only good for the environment and our planet—it’s good for workers, too.

“According to Blackrock, the world’s largest asset manager, removing fossil fuel securities from the Thrift Savings Plan will have no negative impact on the rate of return federal employees’ get on their retirement savings. This change is an opportunity to take an important step toward addressing our climate emergency and saving our environment with no sacrifice in employees’ retirement savings. 

“That’s why we support President Biden’s call to mitigate the impact of federal agencies’ financial activities on the environment. We also support the RESPOND Act, which would formally establish a process for reviewing and eradicating the financial risks of climate change in the TSP, and look forward to working with Congress on its passage.”

###

The American Federation of Government Employees (AFGE) is the largest federal employee union proudly representing 700,000 federal and D.C. government workers nationwide and overseas. Workers in virtually all functions of government at every federal agency depend upon AFGE for legal representation, legislative advocacy, technical expertise and informational services.

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