“We are a beacon of the world,” New York City Mayor Bill de Blasio recently wrote. Certainly, no one can deny the influence New York City has on this country. That influence is not decreed but earned by hardworking New Yorkers, and, unfortunately, the mayor’s recent actions against manufacturers in America will hurt the very people who make New York City the beacon that it is.
Mr. de Blasio’s misguided plan is twofold: divest public pension funds of fossil fuel investments and sue a handful of energy manufacturers over climate change. Both approaches are ill-considered and politically motivated.