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Published 1 month ago

[Opinion] Investing in oil and gas doesn’t make sense anymore

Summary by KRDO
Opinion by Tom Steyer (CNN) — Earlier this year, during the warmest February in recorded history, the investment giants JPMorgan Chase, State Street, BlackRock and Pimco walked away from some of their boldest climate pledges. The leaders of these firms, with a combined more than $15 trillion under management, did not deny that climate change exists, that humans are its cause or that its potential consequences are catastrophic. Instead, some poin…

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Investing in oil and gas doesn’t make sense anymore

Renewables such as solar and wind are growing at an exponential rate, writes Tom Steyer, so funding new fossil fuel projects is a risky bet.

1 month ago·Atlanta, United States
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KRDOKRDO

Investing in oil and gas doesn’t make sense anymore

Opinion by Tom Steyer (CNN) — Earlier this year, during the warmest February in recorded history, the investment giants JPMorgan Chase, State Street, BlackRock and Pimco walked away from some of their boldest climate pledges. The leaders of these firms, with a combined more than $15 trillion under management, did not deny that climate change exists, that humans are its cause or that its potential consequences are catastrophic. Instead, some poin…

1 month ago·Colorado Springs, United States
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Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center
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Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

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