How an Organized Republican Effort Punishes Companies for Climate Action

Sun, 26 Jun 2022 10:23:56 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.nytimes.com/2022/05/27/climate/republicans-blackrock-climate.html>

"In West Virginia, the state treasurer has pulled money from BlackRock, the
world’s largest asset manager, because the Wall Street firm has flagged climate
change as an economic risk.

In Texas, a new law bars the state’s retirement and investment funds from doing
business with companies that the state comptroller says are boycotting fossil
fuels. Conservative lawmakers in 15 other states are promoting similar
legislation.

And officials in Utah and Idaho have assailed a major ratings agency for
considering environmental risks and other factors, in addition to the balance
sheet, when assessing states’ creditworthiness.

Across the country, Republican lawmakers and their allies have launched a
campaign to try to rein in what they see as activist companies trying to reduce
the greenhouse gases that are dangerously heating the planet."

Via Bill Daul.

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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