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(Financial Times) On an exposed ridge deep in Appalachia, 23 shining new wind turbines loom over a wooded valley — the newest additions to the energy mix in America’s traditional coal heartlands. The Black Rock wind farm, nestled in the remote mountains of outer West Virginia, is exactly the sort of project President Joe Biden…
(TechCrunch) Perhaps unsurprisingly, new PitchBook data found that U.S. companies with all female founders are raising less capital this year than the last amid current economic woes. Last year, women raised around 2.4% of all venture capital allocated, a figure that stands at 1.9% through Q3 of this year. That number becomes even lower and…
(The New York Times) The result, announced by the National Labor Relations Board on Friday night, suggests that an initial victory by a union at a store in Towson, Md., in June was not an isolated development in an organizing campaign that dates back to last year. According to the labor board, 56 employees voted…
(Vice) Inflection, the company used by Airbnb, Turo, and DraftKings to check millions of users’ backgrounds, bills itself as a “fair and reliable way” to screen people in a matter of seconds. But on numerous occasions, the people getting screened have sued the little-known company in response, alleging that it’s created mistaken identities, misleading reports,…
(Vice) On Tuesday, the Biden administration released a proposal that could force so-called gig economy companies like Uber, Lyft, and DoorDash to classify their workers as employees. With the announcement, Uber’s stock was down as much as 17 percent, Lyft’s fell by 16 percent, and DoorDash’s had slipped 12 percent. For well over a decade,…
(The Information) Earlier this year, identity software company Okta gave its employees a presentation on burnout. An invited speaker explained the warning signs and distributed a 43-question inventory to determine an employee’s individual risk for a “stress-induced breakdown.” Amanda Giannelli, an engineer at the company, already knew she was wiped—she was balancing her workload with…
(The Atlantic) Late last month, analysts at the investment bank Credit Suisse published a research note about America’s new climate law that went nearly unnoticed. The Inflation Reduction Act, the bank argued, is even more important than has been recognized so far: The IRA will “will have a profound effect across industries in the next…
(Wired) Last year, the White House Office of Science and Technology Policy (OSTP) announced that the US needed a bill of rights for the age of algorithms. Harms from artificial intelligence disproportionately impact marginalized communities, the office’s director and deputy director wrote in a WIRED op-ed, and so government guidance was needed to protect people…
(Pitchbook) This summer, we surveyed more than 500 LPs, GPs and service providers about their sustainable investment practices, gathering information on the motivations, metrics and challenges of a field that is receiving more and more attention. Our 2022 Sustainable Investment Survey illuminates the drivers behind investment decisions, breaking down data by region and respondent type.…
(Reuters) One in seven funds branded as sustainable has a carbon emissions intensity higher than the average across all investment funds, and no climate-labelled fund has a portfolio fully aligned with the Paris Agreement’s goal, a study showed on Tuesday. The analysis, conducted by sustainability data and technology platform ESG Book, is the latest to…