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.

May 11 2020

Barron’s, the respected and trusted resource for the investment community, recently published an article that was bullish on oil. This weekend they printed an admonishing letter in response from our Editor in Chief. Read it in MEMO 13 this week.

October 8 2023

The climate and capitalism are inextricably entwined, but surely in a bad way, right?

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.