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Financial Times (June 1)

2020/ 06/ 02 by jd in Global News

“Shareholders have ramped up pressure on companies to tackle global warming even as businesses grapple with the fallout of the coronavirus pandemic.” Their targets have included JPMorgan and Rio Tinto and through May 20, “climate change resolutions at annual meetings received average shareholder support of 23 per cent,” up from “16 per cent during all of 2019.”

 

LA Times (April 15)

2020/ 04/ 16 by jd in Global News

“The worst pandemic in a century won’t solve climate change. We have to do that for ourselves.” Thanks to the pandemic, “global carbon output could fall by 5% this year,” but “emissions have to drop 7.6% per year — for decades — to stave off the worst effects of climate change.”

 

Financial Times (January 28)

2020/ 01/ 29 by jd in Global News

“Donald Trump has become the pantomime villain for the climate change story…. However, if you look at the numbers—as opposed to the theatre—it becomes clear that the battle to control climate change now depends much more on what happens in China than in America.”

 

Japan Today (January 20)

2020/ 01/ 21 by jd in Global News

“Japan is in the crosshairs as it seeks both to be recognized as a leader in the climate-change debate but also supports the use of what is widely regarded as a dirty fuel.” Japanese corporations, however, are ready to break with coal. They “overwhelmingly feel Japan should shift away from its dependence on coal for power generation… a Reuters poll found, further evidence that the government is out of step with the global fight against climate change.”

 

Reuters (January 2)

2020/ 01/ 02 by jd in Global News

“CEOs increasingly talk a good game on climate change, but the financial implications of global warming have played a small role in dealmaking so far. That will change in the year ahead.”

 

Barron’s (December 27)

2019/ 12/ 27 by jd in Global News

“Megatrends, like aging and climate change, are forcing governments to take care of themselves, understanding there are going to be massive challenges. As a result, we’re starting to see the peak of globalization, meaning limits to the movement of free capital, goods, money, services, and knowledge.”

 

LA Times (December 19)

2019/ 12/ 21 by jd in Global News

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.”

 

Reuters (December 16)

2019/ 12/ 16 by jd in Global News

With Mark Carney on the way out, the next Governor of the Bank of England will need to “believe in magic…. If all goes well, he or she will not only face the developed world’s current issues of stubbornly low inflation rates, easy credit and climate change. If Brexit also goes wrong, the new bank chief will also need some preternatural gifts.”

 

Reuters (November 29)

2019/ 12/ 01 by jd in Global News

“European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis.” The investors assert that the Big Four audit firms “are not giving enough weight to a potentially rapid transition towards a low-carbon future as governments implement the 2015 Paris Agreement to curb climate change.”

 

Reuters (November 12)

2019/ 11/ 12 by jd in Global News

“It may sound far-fetched to suggest newish countries like Canada, or its southern neighbor, could break into smaller sovereign pieces. But the consequences of climate change will present existential challenges that could easily drive even friendly neighbors apart. Keep an eye on Alberta.” The VoteWexit Facebook page already has gathered 265,000 followers.

 

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