State And Local Pensions Must Confront AI’s Systemic Risks
Pension trustees have a fiduciary duty to assess these and other strategies for mitigating systemic climate risks to their portfolios. Once they conclude that the tech industry’s energy-intensive and fossil fuel-reliant strategy for data center buildout is generating systemic risks that can be averted with a shift in strategic direction, it is their duty to seize the opportunity to help bring about that shift.
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