The theme of the signing was “A Decade of Action,” in reference to scientific reports that claim the planet needs to stop using fossil fuels by 2030.
Chris FoxLos Angeles Mayor Eric Garcetti signed an "L.A.’s Green New Deal" executive order on Monday that will "encourage city pension boards to explore divesting from fossil fuel companies & investing in the green economy" among other actions dailynews.com/2020/02/10/gar… h/t @dzarrilli
Focusing on sustainability helps investors navigate the risks that transcend personal, political or social views to target long-term value.
Chris Fox"Sustainability Is Part of Good Risk Assessment" - "Long-term investors have to look ahead to the risks that might impact the value of their investments over very long time horizons" such as #climate risk - @StateStreet CEO in letter to the @WSJ
A BlackRock-backed group aims to raise an initial $500 million for a private equ...
Chris Fox"BlackRock, partners eye initial $500 million for climate fund - A @BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in #climate change-linked infrastructure upgrades in emerging markets." reut.rs/2uiPQUa #WEF20
People are "breathing the proof" of climate change, and an opportunity for a national conversation about climate change is waiting in the wings.
Chris FoxAmid the #AustraliaFires, the Australia government needs to increase its "international engagement to ensure that the world is acting" to tackle the #climate crisis "because we are on the front line of the worst effects" - @emmalherd CEO @IGCC_Update
Nancy Pelosi tells UN conference in Madrid that commitment is ‘iron-clad’
Chris Fox"The US will take action on greenhouse gases and engage with other countries on the #climate emergency despite Donald Trump’s rejection of international cooperation, a delegation from the US Congress has told the UN climate conference in Madrid" theguardian.com/environment/20… #COP25
Cities and utilities across the United States are starting to reject natural gas — and not just for environmental reasons.
Chris Fox"Cities & utilities across the U.S. are starting to reject natural gas...not just for environmental reasons. Increasingly, the compelling economics of clean energy alternatives play a major role in these decisions." - @brucenilles@mehdyson@RockyMtnInst
Chris FoxThousands of U.S. local and state governments & businesses are cutting emissions in a movement called @wearestillin. “They are proof that millions of Americans still support the #ParisAgreement, even if the current administration does not...” -Ban Ki-moon
The state of Massachusetts sued Exxon Mobil Corp on Thursday, accusing the oil g...
Chris Fox"The state of Massachusetts sued Exxon Mobil Corp. on Thursday, accusing the oil giant of misleading investors and consumers for decades about the role fossil fuels play in #climate change." reut.rs/2qIjNLv via @Reuters
The Senate's fledgling bipartisan climate caucus, once formally unveiled, will boast an influential founding member: Energy and Natural Resources chairwoman Lisa Murkowski of Alaska.
Chris Fox"The Senate's fledgling bipartisan climate caucus, once formally unveiled, will boast an influential founding member: Energy and Natural Resources chairwoman & Republican Senator Lisa Murkowski of Alaska."
U.S. and European companies in polluting industries rarely disclose the financia...
Chris Fox"U.S. and European companies in polluting industries rarely disclose the financial risks they face related to #climate change even though a global task force called on them to do so two years ago, Moody’s Investors Service said in a report on Monday."
Climate activists targeted BlackRock, the world's biggest asset manager, in...
Chris Fox"While activists have long targeted fossil fuel companies, a growing global climate protest movement is increasingly scrutinizing the role fund managers, banks and insurance companies play in enabling oil and gas extraction." uk.reuters.com/article/us-cli… via @Reuters
Eleven leading environmental organizations published an open letter today, urging the CEOs of Corporate America to step up their engagement on climate policy.
Chris FoxEleven leading environmental and sustainable business organizations published an open letter in the New York Times today, urging the CEOs of Corporate America to step up their engagement on climate policy. edf.org/ZUqU@CeresNews@CDP@EnvDefenseFund etc.
New data shows how fossil fuel companies have driven climate crisis despite industry knowing dangers
Chris FoxA great injustice “of the #climate crisis is that seven and a half billion people must pay the price – in the form of a degraded planet – so that a couple of dozen polluting interests can continue to make record profits” - Professor @MichaelEMann
The global economy has to reach net-zero greenhouse gas emissions by 2050 at the latest.
Chris FoxIf the oil & gas industry is "to continue beyond 2050, it can no longer be an emitter of greenhouse gases or sell products that are. In the short term, oil and gas companies must prove their commitment to net-zero emissions by 2050" - @CFigueres
Financial markets risk major disruptions by relying on business-as-usual forecas...
Chris FoxNew @PRI_News forecast for investors - the #InevitablePolicyResponse - predicts:
- Oil demand peaks in 2026-2028
- Thermal coal will be “virtually non-existent” by 2040
- Wind & solar power will generate half of the world’s electricity by 2030
reuters.com/article/us-cli… via @Reuters
Harvard University announced that its endowment has joined Climate Action 100+, an investor-led initiative to ensure that the world’s largest corporate greenhouse gas emitters take steps to address climate change.
Chris FoxHarvard University announced Tuesday “that its endowment has joined Climate Action 100+, an investor-led initiative to ensure that the world’s largest corporate greenhouse gas emitters take steps to address #climate change” news.harvard.edu/gazette/story/…@ActOnClimate100
Lagarde calls climate change a “pressing global” challenge and promises the European Central Bank will focus on the risk when she arrives in November.
Chris FoxLagarde said the world will be “roasted, toasted, fried and grilled” if we fail to act on #climate change -- Christine Lagarde "Vows to Put #Climate Change on the European Central Bank's Agenda" nyti.ms/2ZyLeIm via @nytimes