Washington Post (February 20)
“As it stands today, even the most heralded investor activism has done next to nothing to move the needle…. Somehow activists missed that each share a green investor sells is purchased by somebody with lesser green credentials, less interest in climate change. This substitution could actually lead to more rather than fewer carbon emissions.”
Tags: Activists, Carbon emissions, Climate change, Green investor, Heralded, Investors, Sells, Share, Substitution
BBC (May 24)
“Climate protesters stormed Shell’s annual shareholder meeting in London, with security having to step in to protect board members.” The protestors, activists and other “campaign groups are looking to ramp up the pressure on Shell and other energy companies to bring forward those targets to absolute carbon emissions cuts by 2030 and focus more resources on renewables.” The proposed targets were, however, “rejected in a vote by shareholders at the meeting.”
Tags: 2030, Activists, Annual meeting, Board members, Carbon emissions, Climate, Energy, London, Pressure, Protect, Protesters, Rejected, Renewables, Resources, Security, Shell, Targets, Vote
Financial Times (August 25)
“Things are bad. Silicon Valley is choking on wildfire smoke. Louisiana is expected to be hit by two hurricanes this week. Britain had its wettest February on record and faces it lowest wheat harvest since the 1980s…. We either hammer carbon emissions or they will hammer us every year harder and harder.”
Tags: Carbon emissions, Hurricanes, Louisiana, Silicon Valley, Smoke, UK, Wettest, Wheat harvest, Wildfire
LA Times (December 19)
In its first climate risk assessment, CalPERS, the largest U.S. pension fund, “found that one-fifth of the fund’s public market investments were in sectors that have high exposure to climate change. Those include energy, materials and buildings, transportation, and agriculture, food and forestry.” The report by CalPERS, however, didn’t go into much detail because “less than half of the 10,000-plus companies in their portfolio voluntarily disclose information about their carbon emissions.”
Tags: Agriculture, Assessment, CalPERs, Carbon emissions, Climate change, Energy, Exposure, Forestry, Investments, Materials, Pension fund, Portfolio, Risk, Transportation, U.S., Voluntary disclosure
LA Times (October 6)
“President Obama could be right in saying history may judge the ratification of the Paris Agreement as ‘a turning point for our planet.’ But if meaningful reductions in carbon emissions don’t follow, then history will judge this as the moment when the world acknowledged it had a problem, yet failed to fix it. The longer the world—and governments—dillydally, the more likely future generations will regard us as fools.”
New York Times (June 7)
“In a welcome development, businesses are asking world leaders to do more to address climate change. This week, the top executives of six large European oil and gas companies called for a tax on carbon emissions.” Implementation will face stiff resistance, but “world leaders, who will meet in Paris later this year to negotiate a climate change agreement, cannot give up in the face of this opposition. Carbon taxes are one of the best policies available to solve this global problem.”
Tags: Businesses, Carbon emissions, Carbon taxes, Climate change, Climate change agreement, Oil and gas, Resistance
Wall Street Journal (December 12)
Our obsession with cutting carbon emissions overlooks the “negligible impact” any deal would have on climate. “Even if we were to cut emissions by 50% below 1990-levels by 2050—an extremely unrealistic scenario—the difference in temperature would be less than 0.2 degrees Fahrenheit in 2050.” Our main focus should instead be on “adaptation and economic growth to improve resilience,” especially in developing countries which will get hit hardest by the impact of climate change.
Our obsession with cutting carbon emissions overlooks the “negligible impact” any deal would have on climate. “Even if we were to cut emissions by 50% below 1990-levels by 2050—an extremely unrealistic scenario—the difference in temperature would be less than 0.2 degrees Fahrenheit in 2050.” Our main focus should instead be on “adaptation and economic growth to improve resilience,” especially in developing countries which will get hit hardest by the impact of climate change.
USA Today (August 10)
Much of the U.S. is experiencing another summer heat wave. It should be a reminder. “Too often, climate change is discussed as something to be worried about far off into the future… Both the latest global data and the USA’s sweltering summer suggest, however, that the future might be now.” The newspaper believes “a prudent society would begin moving aggressively to reduce carbon emissions and to develop cleaner energy sources.”
