Findings, music, and occasional reflections by Paul Woodward

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August 2019

BlackRock lost $90bn investing in fossil fuel companies, report finds

The Guardian reports: BlackRock, the world’s biggest investor, has lost an estimated $90bn over the last decade by ignoring the serious financial risk of investing in fossil fuel companies, according to economists. A report from the Institute for Energy Economics and Financial Analysis (IEEFA) has found that BlackRock has eroded the value of its $6.5tn funds by betting on oil companies that were falling in value and by missing out

How climate change could trigger the next global financial crisis

Robinson Meyer writes: A few years ago, Mark Carney, a former Goldman Sachs director who now leads the Bank of England, sounded a warning. Global warming, he said, could send the world economy spiraling into another 2008-like crisis. He called for central banks to act aggressively and immediately to reduce the risk of climate-related catastrophe, taking the warming planet as seriously as they would a cooling economy. Adam Tooze, a

Audiences are (finally) paying more attention to climate stories

Andrew McCormick writes: For years, conventional wisdom has held that climate coverage is not especially good for business. The story always seemed too abstract, or too technical, to command attention. “It was pathetic,” David Gelber, who for decades was a producer at CBS’s 60 Minutes, says, reflecting on the consistent absence of environmental reporting in mainstream outlets. “It baffles me. This is such a dramatic story. When they write the

Majority of House Democrats now support impeachment inquiry

Politico reports: The impeachment dam has broken. More than half of House Democrats say they would vote to launch impeachment proceedings against President Donald Trump, a crucial threshold that backers said will require Speaker Nancy Pelosi to reconsider her steadfast opposition. Though Pelosi has given no indication that even a significant majority of House Democrats embracing impeachment proceedings would shift her view, supporters of an inquiry argue that crossing the

FBI warns conspiracy theories are a new domestic terrorism threat

Jana Winter reports: The FBI for the first time has identified fringe conspiracy theories as a domestic terrorist threat, according to a previously unpublicized document obtained by Yahoo News. The FBI intelligence bulletin from the bureau’s Phoenix field office, dated May 30, 2019, describes “conspiracy theory-driven domestic extremists,” as a growing threat, and notes that it is the first such report to do so. It lists a number of arrests,

Facing harsh prison sentences, Iran’s courageous women continue defying their cowardly rulers

Her name is #YasamanAryani she is one of the youngest women’s right activist who joined #WhiteWednesdays movement against #ForcedHijab .Today Yasaman & her mother #MonirehArabshahi each got 16 yrs jail sentence for their Peaceful activities. Be her voice. pic.twitter.com/cXobnww8ds — Masih Alinejad 🏳️ (@AlinejadMasih) July 31, 2019 The Independent reports: Iranian women are sharing videos of themselves removing their headscarves in public, despite a recent ruling they could face 10

Music: Esbjörn Svensson Trio — ‘Eighty-Eight Days In My Veins’