Comptroller DiNapoli will divest from oil sands producers
Represents a tiny chunk of $247.7 billion pension fund but are among the most carbon-intensive
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Activists have long called for divestment of companies that produce oil and gas fuels as a way to help wean industry and consumers off of fossil fuels.Times Union file photo
ALBANY State Comptroller Tom DiNapoli on Monday said the state’s $247.7 billion pension fund would be divesting from a half-dozen oil sands companies in keeping with a push to avoid investments that are contributing to greenhouses gases.
“As nations around the world become increasingly serious about addressing the threat of climate change and as market forces drive a low-carbon economic transition, we need to make sure our investments line up with this reality,” DiNapoli said in announcing the move. “Companies responsible for large greenhouse gas emissions like those in this industry pose significant risks for investors.”
Japanese shares closed lower on Tuesday as investors booked profits from recent rallies, while worries about the economic impact from a possible fourth wave of the COVID-19 in the nation hurt sentiment.
Japanese shares closed lower on Tuesday as investors booked profits from recent rallies, while worries about the economic impact from a possible fourth wave of the COVID-19 in the nation hurt sentiment.
Why is the media fawning over nuclear businessman Bill Gates?
In a much-publicised interview he did on 60 Minutes Gates hyped up “advanced nuclear” fusion, SMRs and all the other tech marvels he is promoting. His interviewer, Anderson Cooper, completely ignorant of the subject, lapped it up, and failed to point out that none of these are proven technologies.
Why Bill Gates can’t save the world,
The Fifth Estate, BY DAVID THORPE / 23 FEBRUARY 2021 Why don’t these billionaire philanthropists like Gates just stop their foundations and pay their fair share of taxes?
The media everywhere has been fawning over Bill Gates and his new book,
Bill Gates, Climate Warrior – and Super Emitter Details
Bill Gates has a new book out:
How to Avoid a Climate Disaster. But some people are less than amused at having to take lessons on the climate crisis from a billionaire who, in the words of the ETC Group, “made a fortune skirting government regulations with monopolistic practices, and holds a significant financial stake in the continued expansion of the fossil fuel industry.”
The following article by Tim Schwab makes clear just how extensive those fossil fuel investments are and how much they are at odds with Bill Gates’ claims. But at the same time as holding significant financial interests in fossil fuel extraction and fossil fuel dependent industries, quite apart from having a massive personal carbon footprint, Gates is also embracing large-scale planetary interventions via risky geoengineering.