2 ms·
>GE is "a case study in how rapidly and unexpectedly the global energy transition away from fossil fuels travels up the economic chain and destroys value in the
by woodandsteel 7y ago
>GE is "a case study in how rapidly and unexpectedly the global energy transition away from fossil fuels travels up the economic chain and destroys value in the power generation sector," the report says. It points the finger at large shareholders, like Vanguard, BlackRock, State Street and Fidelity, who IEEFA analysts say should be doing more to push companies away from fossil fuels.
Big finance is finally waking up to the fossil fuels transition
https://www.nytimes.com/2019/06/11/climate/climate-financial-market-risk.html?action=click&module=Well&pgtype=Homepage§ion=Climate%20and%20Environment https://www.nytimes.com/2019/06/11/climate/climate-financial...