Amazon’s entrepreneur dream is closer to a nightmare for many
(Protocol) On a Veterans Affairs job board, between advertisements for public loan forgiveness and a Red Cross blood drive, is an attractive small-business opportunity for returning soldiers. Want to finally be the boss of your own future? Amazon will offer you the chance to start your own delivery company, no experience required. This advertisement attracted…
Read MoreOur climate solutions are failing – and Big Oil’s fingerprints are all over them
(The Guardian) People who do not spend their days reading climate reports or scouring the archives of oil companies are often surprised to hear that the fossil-fuel industry has been part of the Intergovernmental Panel on Climate Change (IPCC) since its inception. And it’s not just the IPCC. Oil companies have been involved in the…
Read MoreESG Finds Itself at Crossroads After Investing in Putin’s Russia
(Bloomberg) An investing movement that promotes itself as a protector of people and the planet has somehow found itself providing capital to the autocratic regime behind Europe’s worst military conflict since World War II. Funds labeled ESG — an acronym that denotes a commitment to environmental, social and governance interests — own shares of Russia’s state-backed…
Read MoreHow Amazon is drastically undercounting its carbon footprint
(Grist) This is how Amazon washes its hands of the climate impact of most of the things it sells: It simply decides to play by different rules than its peers. For example, for all the packs of Pampers parents grab off the shelf at Target, the big-box retailer tallies the emissions that go into making…
Read MoreRussia’s War Prompts a Pitch for ‘Socially Responsible’ Military Stocks
(The New York Times) Russia’s invasion of Ukraine has upset the world order. It could conceivably alter the way some people think about investing, too. At least that’s the view of two analysts with Citi, who argue that the height of social responsibility at this moment requires putting your investment money into the stocks of…
Read MoreOutpacing even China, the US takes the lead in grid battery investment
(Canary Media) Grid storage investment is surging worldwide, but the U.S. has emerged as the undisputed global leader — for now. Energy storage allows the electrical grid to balance supply and demand. More importantly for countries’ climate goals, it also transforms super-cheap but intermittent wind and solar power into a still-cheap but more reliable resource. Almost all…
Read MoreWarren, Sanders Demand Investigation into Amazon’s Attendance Policy
(Vice) The call for an investigation follows findings that Amazon could be illegally punishing and terminating employees for taking legally protected time off. They say Amazon’s ‘no fault’ attendance policy, one that punishes workers regardless of the reason for their absence, appears to have taken effect in October 2021, and could be violating the Americans…
Read MoreWhat conclusions should financial institutions take from the latest IPCC report?
(UN Environment Programme, Finance Initiative) This week the Intergovernmental Panel on Climate Change (IPCC) launched the second part of its 6th Assessment Report, drawing on seven years of research from peer-reviewed scientists. The report provides an alarming summary of the increasingly devastating impacts of climate change on societies and economies, their vulnerabilities and how we…
Read MoreShould Institutional Investors Jump Back Into Oil & Gas Private Equity?
(Forbes) If anything, for a large portion of the institutional investor community this high price market for oil and gas might represent an opportunity to accelerate getting out of the sector rather than jumping back in. I know several endowment managers, for example, who have been slowly transitioning out of fossil fuel holdings rather than…
Read MoreCoalition of AGs investigating TikTok’s impact on children
(The Hill) A bipartisan coalition of attorneys general are investigating TikTok’s impact on the well-being of children, the group announced Wednesday. The attorneys general will investigate if the popular video sharing app violated state consumer protection laws and put the public at risk. This follows an investigation launched by the same group of attorneys general in November…
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