Startling Statements by Investing Heavyweights.

Startling Statements by Investing Heavyweights.

February 15 2020

CNBC’s Jim Cramer said on Jan 31 that he is done with fossil fuel stocks. “We are starting to see investment all over the world. Big pension funds are saying ‘Listen, we aren’t going to own them anymore.’ The world has changed”.

Blackrock CEO Larry Fink wrote in his annual letter that: “Climate change has become a defining factor in companies’ long-term prospects…The evidence on climate risk is compelling investors to reassess core assumptions about modern finance”.

Blackstone Group CEO Stephen Schwarzman told a group in Davos on Jan 22 it’s clear the climate is changing, and businesses need to take action. “There’s little doubt that something very profound appears to be going on, and it ought to be addressed”.

Microsoft CEO Satya Nadella told CNBC on Jan 31, that capitalism ‘will fundamentally be in jeopardy’ if business does not act on climate change. “The corporation’s purpose is to find profitable solutions to the problems of people and planet”.

Children’s Fund CEO Chris Hohn told Bloomberg on Jan 22 that he’s pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint. If they don’t, he says he’ll oust their boards or dump their shares.

September 14 2021

A Carbon Tax has won widespread support from both conservatives and progressives. This excellent Boston Globe article, reprinted here with kind permission from the authors, explains why.

July 10 2021

The 1970 Clean Air Act was a significant achievement but, in hindsight, it was flawed. Today we make the case for a different approach: rather than attempt to regulate emissions out of existence we need to make emitters pay to pollute.

February 3 2022

After decades of climate change denial and obfuscation, the Wall Street Journal has finally begun warming to the notion that perhaps Capitalism can help (never mind benefit from) the Clean Energy Transition.