Economy & Business

"BlackRock C.E.O. Larry Fink: Climate Crisis Will Reshape Finance"

"Laurence D. Fink, the founder and chief executive of BlackRock, announced Tuesday that his firm would make investment decisions with environmental sustainability as a core goal. BlackRock is the world’s largest asset manager with nearly $7 trillion in investments, and this move will fundamentally shift its investing policy — and could reshape how corporate America does business ... ."

Source: NY Times, 01/15/2020

Coal Baron Funded Climate Denial as His Company Spiraled Into Bankruptcy

"As his coal mining company hurtled into bankruptcy, Robert E. Murray, the former chief executive, paid himself $14 million, handed his successor a $4 million bonus and earmarked nearly $1 million for casting doubt on man-made climate change, new court filings show."

Source: NY Times, 12/18/2019

Long TVA Contracts Could Stifle Southern Cities' Renewable Energy Push

"As cities in the South start exploring ways to expand renewable energy, some are running into an obstacle that could set those plans back decades: The nation's largest public utility, concerned about its income base, has started pressuring its customers to lock in long-term contracts that critics say could leave the region relying on fossil fuels for years to come."

Source: InsideClimate News, 12/16/2019


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