4.6 • 6K Ratings
🗓️ 18 August 2022
⏱️ 23 minutes
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0:00.0 | A couple of years ago, David Gellis read a newsletter that caught his attention. |
0:11.4 | Well, I'll spare you the reading of the entire letter, Barry, but what I'll do is sort |
0:15.7 | of synopsize it. |
0:17.3 | It came from an unlikely source, Larry Fink, the founder and CEO of the investment firm, |
0:23.5 | BlackRock. |
0:24.5 | I was thinking about all the different crises we've felt within my career. |
0:29.8 | It's very clear to me the physical changes that we may see with climate change are more |
0:37.6 | permanent. |
0:41.9 | What he said was that after many years when companies really didn't put climate change |
0:49.0 | and the environmental crisis at the center of their decision-making processes, all companies |
0:55.5 | were now going to have to reckon with climate change in one way or another. |
1:00.1 | As a large investment firm in the world, I believe more of our clients worldwide believe |
1:06.7 | in some form of the science, of not all the science of climate change. |
1:11.4 | And they're asking how should they be better prepared in their investment criteria. |
1:16.7 | And he made the case that that meant in part really pursuing a path towards net zero, |
1:23.8 | towards reducing carbon emissions. |
1:25.7 | Many of these problems could be solved, but the actions have to begin now. |
1:33.5 | David is a climate reporter at the New York Times, and he was excited to see influential |
1:38.2 | executives like Fink taking an interest in combating climate change. |
1:43.7 | Some readers though, readers with clout were less than thrilled. |
1:48.2 | He and being so public about it really became the face of this effort by the corporate world |
1:55.6 | to reduce carbon emissions and in the view of some to punish or reduce their involvement |
... |
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