Browsing tag

blackrock

‘Chevron Is Not An Evil Company’: Warren Buffett Rejects Climate & Diversity Shareholder Resolution At Berkshire Annual Meeting

4 Mins Read Warren Buffett helped to reject a shareholder resolution that would push his multinational conglomerate Berkshire Hathaway to inform investors about climate risks. In addition to defending the dirty oil and gas industry, the billionaire CEO also tore down a resolution that called for greater diversity and inclusion efforts, putting the old-fashioned firm out of step […]

BlackRock Punishes 53 Companies Over Carbon Emissions, 191 On Watchlist

2 Mins Read BlackRock, the world’s largest asset manager, has just revealed that it has punished 53 companies in its portfolio over climate inaction. The move is a part of the firm’s ramping up of its climate engagement with businesses after it joined the Climate Action 100+ pact earlier this year. Among the companies that BlackRock has taken […]

BlackRock Signs Climate Action 100+ Pact After Greenwashing Criticism

3 Mins Read BlackRock, the New York-based global investment firm, has just signed up to the Climate Action 100+ initiative, a campaign made up of fund managers and asset owners in a bid to urge corporate giants to take action on climate change. This comes after the firm received multiple criticisms about greenwashing as it failed to match […]

Climate Crisis Dominates Top 5 Risks In World Economic Forum Report

3 Mins Read For the first time, the climate crisis is at the top of the World Economic Forum’s annual risk report ahead of the Davos conference. All five spaces in the list of issues likely to pose a major impact over the next decade have been filled by environmental issues, as the world wakes up to extreme […]

Patagonia Founder Yves Chouinard: “Capitalism Will Lose Its Customers”

3 Mins Read In an exclusive interview with Fast Company, the 80-year-old founder of iconic outdoor apparel brand Patagonia Yvon Chouinard made a damning case against the current capitalist system that is driving unsustainable practices in the midst of our climate emergency. He made the bold statement that “Ultimately, capitalism is going to lose its customers,” and he’s […]