Investing in climate change solutions is not only the right thing for the Earth, it’s the right thing as investors and for all of the people who depend on those investments. Fossil fuel investments are toxic for our planet, and they’re just as toxic for our portfolios as well. Finally, we have filed suit against five of the investor-owned fossil fuel companies that have contributed the most to climate change – Exxon-Mobil, BP, Conoco-Phillips, Royal Dutch Shell, and Chevron. These companies knew as far back as at least the 1980s and perhaps earlier that burning fossil fuels would have ruinous impacts on the planet’s atmosphere and that it would change our climate, exposing the globe to sea level rise, increased heat, and severe storms. While they deceptively encouraged and reaped the profits from our reliance on fossil fuels, cities like New York have been left to foot the bill for the harms caused by fossils fuels. Our lawsuit seeks to change that. The impacts of climate change are no longer theoretical. It’s not just happening to someone else far away. It’s here and it’s now. Seas have risen. Temperatures have increased. We are already spending billions to protect New York City, and much more will be needed this century to protect New Yorkers. That’s why the City’s federal lawsuit is seeking billions in damages to ensure that our city will be ready to withstand these impacts. We know this will be a tough fight and could extend over several years, but the facts and the law are clearly on our side and we intend to vigorously pursue our claims and secure relief. With these efforts, we are taking the largest combined action by any city to confront the growing climate crisis, work for climate justice, and demonstrate the global leadership necessary to win this fight against fossil fuels and the damage they’ve caused. VI. GLOBAL LEADERSHIP These are just a few steps that we’ve taken, and we’re just one place. Imagine what could happen if everyone followed this lead. We could change the world. And that leads to my last point. All of our work not only benefits New Yorkers, it also serves as a model to other cities around the nation and around the world. Which is why we partner with other cities and through networks to scale up climate solutions, support climate accountability, and pursue climate justice. Continuing to rely on fossil fuels will have catastrophic consequences, but we know there is another way. VII. CONCLUSION To conclude, I would like to again thank Commissioner Cadiz and members of the Commission on Human Rights of the Philippines and the New York City Bar Association and all of the other speakers here today for your shared commitment to a better planet. We look forward to continuing to work with you as we seek to combat the impacts of climate change. Thank you and I welcome your questions. 4