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News Allocating capital to Bitcoin risks a backlash from environmentally conscious investors, according to author and co-anchor of CNBC's 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’s $TSLA recent bet on bitcoin sullies its green credentials. Mining and transacting the crypt...

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 SolarCity's Inside Energy Summit in Manhattan, New York, October 2, 2015. REUTERS/Rashid Umar Abbasi/File Photo Tesla Inc revealed on Monday it had bought $1.5 billion of bitcoin and would soon accept it as payment for cars, sending the price o...

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 SolarCity's Inside Energy Summit in Manhattan, New York, October 2, 2015. REUTERS/Rashid Umar Abbasi/File Photo Tesla Inc revealed on Monday it had bought $1.5 billion of bitcoin and would soon accept it as payment for cars, sending the price o...

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 remove carbon risk from investor portfolios, will allow institutional investors to target an uncorrela...

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.