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Showing posts with the label coal

Obama's Climate Plan

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The Obama Administration released an ambitious, forward looking climate plan today. This is a big deal: the Administration's Clean Power Plan seeks to "reduce carbon dioxide emissions by 32 percent from 2005 levels by 2030."

Several have characterized the Plan as "the strongest action ever on climate change by a US president." We agree and note that "hundreds of businesses including eBay, Nestle and General Mills have issued their support for..(the) plan.."

The picture above shows Environmental Protection Agency (EPA) Administrator Gina McCarthy speaking in early July at Georgetown University in Washington, DC with a Community Environmental Activist. (The Administration is reaching out...broadly.)

According to the White House, the Plan will:
"..reduce premature deaths from power plant emissions by nearly 90 percent in 2030 compared to 2005 and decrease the pollutants that contribute to the soot and smog and can lead to more asthma attacks in ki…

Norwegian Government investments in coal and petroleum companies

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Recently, "the Norwegian Ministry of Finance circulated (a) report from the Expert Group on the Government Pension Fund Global investments in coal and petroleum companies for a public hearing amongst Norwegian stakeholders. The Expert Group has evaluated whether the exclusion of coal and petroleum companies is a more effective strategy for addressing climate issues than the exercise of ownership and exertion of influence."  While not a citizen of Norway, in my comments, I respectfully reminded the Ministry that "All men are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly." 

Our research strongly suggests that investors and publicly traded companies must recognize the impact environmental incidents and issues have on a given firm's ability to use company assets and therefore generate revenue and profits.

See: https://drive.google.com/file/d/0Bx3S91AlzNJ4TlJ1VHIwRkZaODVrM0F…