What’s Worse: Climate Denial or Climate Hypocrisy?
Those straining to make the math work on the back end, by invoking large-scale carbon removal later this century, are generating novel dissonance, too. We see headlines about Stripe and its tech allies making a $925 million commitment to removal…
How an Organized Republican Effort Punishes Companies for Climate Action
Mr. Moore, the West Virginia state treasurer, coordinated a letter in November from 16 state treasurers and comptrollers to banks across the country, threatening “collective action in response to the ongoing and growing economic boycott of traditional energy production industries…
Big Business Will Not Save Us From Itself
Today, some of the wealthiest Americans may be growing uncomfortable with the political destabilization that can accompany extreme inequality, and some may be anxious about the impact of climate change on their ability to generate profits. But this does not…
Taiwan fund to issue $2.3 bln climate change pension mandate, Asia’s first -official – Reuters
HONG KONG, Jan 5 (Reuters) – Taiwan’s largest pension fund is set to issue what a top official said is Asia’s first climate change-focused stock mandate, worth $2.3 billion, amid mounting pressure for the global financial sector to support green…
Los países ricos deben asumir el costo si queremos un mundo con cero emisiones netas
Durante las reuniones de la semana pasada, los dirigentes del Banco Mundial y el Fondo Monetario Internacional (FMI) tendrán la oportunidad de replantearse cómo puede utilizar el mundo sus recursos financieros para reducir los riesgos del cambio climático. Para las…
Rich Countries’ Climate Change Responsibility
As the leaders of the World Bank and the International Monetary Fund meet this week, they have a chance to reimagine how the world can use finance to reduce the risks from climate change. For the economies working toward the…
BlackRock’s Transfer of Power
The right to vote Larry Fink, the C.E.O. of BlackRock, which has nearly $10 trillion in assets, is widely considered to be the world’s most powerful investor. His annual letters to leaders of the nation’s largest companies are must-reads that…
Wall Street Prepares for Big Corporate Profits
Optimism blooms in earnings season After closing the books on the second quarter, executives are the most positive they have ever been about the profits their companies are generating, according to data from FactSet. And that might be a good…
FINANCE: BlackRock’s Fink urges World Bank, IMF overhaul for green era
BlackRock Inc. Chief Executive Officer Larry Fink told global leaders the World Bank and International Monetary Fund are outdated and require a total overhaul if they’re to marshal the trillions of dollars in investment needed to bring sustainability to the developing world.
Exxon Mobil Defeated by Activist Investor Engine No. 1
Wall Street has seen its share of strange bedfellows, but a recent alliance of investors that took on Exxon Mobil was unprecedented. Last week, an activist investor successfully waged a battle to install three directors on the board of Exxon…
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