Blackrock To Make Investment Decisions With Sustainability As Core Goal

Larry Fink, founder and CEO of Blackrock, the world’s largest investment firm, announced in his annual letter that BlackRock will make investment decisions with environmental sustainability as its core goal.

“Every government, company, and shareholder must confront climate change.”

–Larry Fink, founder and CEO of Blackrock

The letter was written through the eyes of a capitalist and not an environmentalist. Climate change will require a huge energy transition. There will be a long-term trend that will have an impact on the valuation of companies and industries. The letter seeks a focus on transparency and redistribution of capital to prepare for the transition.

Reshaping Earth In Profound, Unsustainable Ways

In 2016, the world moved permanently above 400 parts per million. The 400 ppm milestone is a symbolic and necessary reminder that we, as humans, are reshaping Earth in profound and unsustainable ways.

The Keeling Curve, named for scientist Charles David Keeling, is a graph that shows the accumulation of carbon dioxide in the Earth’s atmosphere based on continuous measurements taken at the Mauna Loa Observatory in Hawaii. Keeling’s measurements showed the first significant evidence of rapidly increasing carbon dioxide (CO2) levels in the atmosphere.

NASA, with its carbon monitoring system, shows the amount of CO2 in the atmosphere decreases in the spring and summer. In spring and summer, plants in the oceans and on land pull carbon dioxide out of the atmosphere. In the fall and winter, CO2 increases because plants and animals release the carbon dioxide that captured during the growing season.

Since the Industrial Revolution, we’ve been burning fossil fuels (coal, oil, or natural gas) for energy. Fuels release into the atmosphere significantly faster than the plants in the oceans and on the land can take out the CO2. This is moving the Keeling curve up.

Scientists In Antarctica Study Effects Of Climate Change

At the German research facility Neumayer Station III in Antarctica, scientists are studying the effects of climate change.

The scientists are particularly concerned about the speed at which Antarctic ice is melting as well as its impact on global sea levels.

The researchers are also studying a large colony of emperor penguins that lives near their facility. They are studying how these birds are adapting to climate change.

https://youtu.be/iLGgILUqbcc