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'Existential threat' to Bitcoin-investing companies from carbon fallout

News Allocating capital to Bitcoin risks a backlash from environmentally conscious investors, according to author and co-anchor of CNBCs Squawk Box, Andrew Ross Sorkin. In a piece for the International New York Times, syndicated worldwide, Sorkin pointed to statements by Lawrence Fink, CEO of Black Rock — the largest asset managers in the world — indicating his company would make all future investment decisions based on “how they plan to meet the climate challenge.” Tesla...
New York United States United Kingdom Andrew Ross Sorkin Peter Schiff Peterschiff Michaela Gayed

Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage

8 Min Read LONDON (Reuters) - Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year. FILE PHOTO: Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCitys Inside Energy Summit in Manhattan, New York, October 2, 2015. REUTERS/Rashid Umar Abbasi/File Photo Tesla Inc revealed on Monday it h...
Hong Kong United Kingdom City Of Sri Lanka Tom Wilson Anna Irrera

Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage

8 Min Read LONDON (Reuters) - Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year. FILE PHOTO: Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCitys Inside Energy Summit in Manhattan, New York, October 2, 2015. REUTERS/Rashid Umar Abbasi/File Photo Tesla Inc revealed on Monday it h...
Hong Kong United Kingdom City Of Sri Lanka Tom Wilson Anna Irrera

Northern Trust selected by Osmosis to support fossil fuel-free fund - Global Custodian – The Leading quarterly magazine covering the international securities services industry

Northern Trust selected by Osmosis to support fossil fuel-free fund Asset servicing solutions to support launch and distribution strategy for $2 billion sustainable investment manager. March 3, 2021 2:49 PM GMT Northern Trust has been selected by Osmosis Investment Management to provide fund administration, global custody and depositary services for its new fossil fuel-free UCITS Common Contractual Fund (CCF).  The strategy, which Osmosis developed amid growing investor appetite to re...
Westwood Holdings Group Common Contractual Fund Osmosis Resource Efficient Equity Market Neutral Fund Northern Trust Osmosis Investment Managementto Ben Dear

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