How Business Leaders in Davos Are Pretending to Take the Climate Crisis Seriously

Trump also announced that the United States will join the Trillion Trees Campaign. Herein lies the problem.

Regardless of Benioff’s motivations, signing on to the Trillion Tree Campaign offers an easy way for Trump and business leaders who care little about thea convenient, hassle-free way to make it appear like they’re taking meaningful action to address it. Though the Trillion Trees Campaign is undoubtedly a good initiative, it’s not going to matter much if the banks and investment firms Davos welcomes with open arms don’t rethink the way they do business and divest from fossil fuels.

One CEO who may have ranked “climate change and environmental damage” higher than 11th is Larry Fink of BlackRock, the investment firm with nearly $7that the company will seek to move away from investing in the fossil-fuel industry. “Awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance,” he wrote. “The evidence on climate risk is compelling investors to reassess core assumptions about modern finance.

For now, though, the letter is only a letter. Fink, who has in the past faced severe backlash for BlackRock’s fossil-fuel investments, still needs to follow through and put the company’s money where his mouth is. If he doesn’t, the highly publicized letter will go down as a pre-Davos PR stunt. “I think the proof will be what happens next,”.

Morgan and Greenpeace are in Davos this year to put pressure on financial executives like Fink, and to raise awareness about how the banking industry is just as responsible for the climate crisis as the fossil-fuel industry. In addition to

Have you ever noticed that the stuff which makes the news is easier to solve then you know? Chemistry CH4 + 2O2 CO2 + 2H2O Permafrost is melting and releasing CH4 which mixes with Oxygen.

Just planting trees alone is not enough and may actually lead to further aridification

This sentence gave me a headache

Lol says the music magazine that has used millions of trees to print!!!!

This is not true

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Ian Bremmer shares the most important takeaways from Davos - Business InsiderIan Bremmer, president and founder of Eurasia Group, discusses the most important issues on and off the official agenda at the World Economic Forum in Davos, Switzerland.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »