BlackRock’s Big Deforestation Problem, released by Friends of the Earth U.S., Amazon Watch, and Profundo, a Dutch financial research firm, tracked financial data between 2014 and 2018 to show that BlackRock is among the top three shareholders in 25 of the world’s largest publicly listed “deforestation-risk” companies – companies active in producing and trading soy, beef, palm oil, pulp and paper, rubber and timber – and among the top ten shareholders in 50 more of the world’s largest deforestation-risk companies. The data further reveals that BlackRock’s holdings in these sectors have increased by more than half a billion dollars since 2014.
“BlackRock’s investments are directly causing the forest fires in the Amazon and deforestation around the globe,” said Jeff Conant, senior international forest program manager with Friends of the Earth U.S., the report’s lead author. “By pumping money into the world’s most destructive agribusiness companies, Blackrock is destroying the environment and trampling the rights of forest-dwelling people. As the Amazon burns, BlackRock is reaping the profits of environmental destruction and climate chaos.”
The United Nations’ Intergovernmental Panel on Climate Change is considered the gold standard for assessing the scientific consensus on global warming; if there is an overarching criticism of IPCC reports, it’s that they’re a little too conservative in their presentation of the threat at hand. So when a draft of its newest report stated that if the planet warms beyond 1.5 degrees Celsius it would create ocean conditions “poised to unleash misery,” there’s reason for alarm. A really loud alarm, considering that a 1.5-degree scenario is all but locked in due to emissions that have already left the smokestack.
Masterskrain Premium Member over 4 years ago
Bevis and Butthead…
Ontman over 4 years ago
Buttocks is being polite.
cmxx over 4 years ago
“Buttocks” gets two ideas across: 1. We know what Mr. Britt thinks about the topic. 2. He feels no need to be crude about it.
guyjen2004 Premium Member over 4 years ago
The “lungs of the planet” stuff is a myth. Not that it’s okay for a huge chunk of the Amazon to burn, but the media gets this one wrong.
Radish the wordsmith over 4 years ago
More than 20 percent of the world oxygen is produced in the Amazon Rainforest.
pamela welch Premium Member over 4 years ago
A very polite way of saying what’s what! Nicely done ♥
Concretionist over 4 years ago
Both body parts pass gas. But only one adds value in the process. Both of the men pictured do the exact opposite of that.
Radish the wordsmith over 4 years ago
BlackRock’s Big Deforestation Problem, released by Friends of the Earth U.S., Amazon Watch, and Profundo, a Dutch financial research firm, tracked financial data between 2014 and 2018 to show that BlackRock is among the top three shareholders in 25 of the world’s largest publicly listed “deforestation-risk” companies – companies active in producing and trading soy, beef, palm oil, pulp and paper, rubber and timber – and among the top ten shareholders in 50 more of the world’s largest deforestation-risk companies. The data further reveals that BlackRock’s holdings in these sectors have increased by more than half a billion dollars since 2014.
“BlackRock’s investments are directly causing the forest fires in the Amazon and deforestation around the globe,” said Jeff Conant, senior international forest program manager with Friends of the Earth U.S., the report’s lead author. “By pumping money into the world’s most destructive agribusiness companies, Blackrock is destroying the environment and trampling the rights of forest-dwelling people. As the Amazon burns, BlackRock is reaping the profits of environmental destruction and climate chaos.”
https://foe.org/news/amazon-burns-blackrock-named-worlds-largest-investor-deforestation/?fbclid=IwAR0eABa7n3IURyIVm_r1rWraMiJaaliNfmDQAva54IynEG69VtWfJMolnMM
Radish the wordsmith over 4 years ago
The United Nations’ Intergovernmental Panel on Climate Change is considered the gold standard for assessing the scientific consensus on global warming; if there is an overarching criticism of IPCC reports, it’s that they’re a little too conservative in their presentation of the threat at hand. So when a draft of its newest report stated that if the planet warms beyond 1.5 degrees Celsius it would create ocean conditions “poised to unleash misery,” there’s reason for alarm. A really loud alarm, considering that a 1.5-degree scenario is all but locked in due to emissions that have already left the smokestack.
http://nymag.com/intelligencer/2019/08/leaked-un-draft-warming-oceans-could-unleash-misery.html?utm_campaign=nym&utm_medium=s1&utm_source=fb&fbclid=IwAR0Wx2C0TQS-RrZECbGFtWTiBQ72R9RCM1CbIkGRxC2jD6GVVIvx7IHcAK0
Night-Gaunt49[Bozo is Boffo] over 4 years ago
And the carbon sink that are all forests stop when they burn and release all that CO2 plus more as they combust.