Rethinking activist investors from the Harvard Business Review:
Ask someone to name the demands that activist hedge funds make of companies, and they’ll likely list corporate governance issues such as board changes and executive compensation, or perhaps some form of restructuring. In fact, the largest number of shareholder resolutions filed by investors — the method through which activists work — now concern social and environmental issues. This is a recent phenomenon, according to my research: The number of these resolutions has increased dramatically over the past five years. Political spending, climate change, diversity, and human rights are now some of the most frequent resolutions that investors file.
SAVING our planet from the worst effects of climate change won’t be cheap. A new report from the United Nations says that the world will need to mobilize $90 trillion in public and private capital over the next 15 years.
At the Paris Climate Conference, 195 countries adopted the first-ever universal, legally binding global climate deal. The International Energy Agency evaluated the deal at $13.5 trillion.
The global energy industry needs to invest $13.5 trillion through 2030 in efficiency measures and low-carbon technologies in order to meet climate-protection pledges by world leaders, the International Energy Agency said.
The expenditure, which includes deployment of nuclear, wind and solar power as well as carbon capture and storage, needs to average $840 billion every year from 2015, the IEA said Wednesday in a report. It said the growth in energy-related emissions “will slow to a relative crawl by 2030” if nations follow through with their pledges.
As of Tuesday, 154 countries representing 86 percent of global emissions had submitted their plans, Christiana Figueres, the UN’s top climate diplomat, told reporters at UN talks in Bonn.
Today’s XKCD is a hot one, 2421 comments in the #1 spot on reddit.com’s homepage
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We hope that our Disrupt SF hacking teams will take this opportunity to show these government folks how we do it here in Silicon Valley
The market for these products is already enormous and is growing larger every day. In December, the United States and every other member of the United Nations Framework Convention on Climate Change agreed to work to reduce greenhouse gas emissions. In order to meet the commitments laid out in the Paris Agreement, it’s estimated that the world will spend $13.5 trillion.
Thanks Dan Walsh for the heads up
The point of all this was, and remains, accelerating the advent of sustainable energy, so that we can imagine far into the future and life is still good. That’s what “sustainable” means. It’s not some silly, hippy thing — it matters for everyone.
By definition, we must at some point achieve a sustainable energy economy or we will run out of fossil fuels to burn and civilization will collapse. Given that we must get off fossil fuels anyway and that virtually all scientists agree that dramatically increasing atmospheric and oceanic carbon levels is insane, the faster we achieve sustainability, the better.
Couldn’t agree more 🙂
Read the full plan: https://www.tesla.com/blog/master-plan-part-deux
No more humans working the lines at McDonalds! McDonalds at Stonestown Galleria is now touch screen equipped. Saw a system like this at Max in Stockholm, Sweden (version of McDonalds), neat to see it make it over to the USA.