#climate change companies to invest in

[elsa16744]

Best Climate Change Investments and Stocks in 2024

This blog post explores the rising investment opportunities in climate change and green energy stocks due to the increasing impact of the climate crisis on the global economy and stock market. It highlights the potential economic consequences of climate change, such as a significant reduction in global GDP, and discusses how businesses are taking responsibility to offset carbon emissions. Read More: https://www.sganalytics.com/blog/best-climate-change-investments-and-stocks-to-invest-in/

[shinobicyrus]

Hey, yanno how Climate Change is a real thing that is tangibly, at this moment, affecting our world?

Well it turns out, the wealthy and their investment firms have been seeing the mounting evidence that oil companies have had for decades and are slowly starting to think more long-term about their portfolios in the face of rising sea levels, more extreme weather, and the myriad of ways climate crises are affecting...well. Everything. Maybe this means they invest more into sustainability, green energy, building more resilient infrastructure, or carbon offsets. Some of it, of course, is simple corporate greenwashing, but there are those that are taking this trend and packaging it into something called ESG (Environmental, Social, and corporate Governance).

Now some people would say this is predictable, even sensible. Just the good ol’ Free Market(tm) rationally responding to market forces and a changing world.

But those people would be fools! Insidious fools! For conservative sorcerers have come out with a new cursed phrase to explain this new market trend: Woke Investing.

What makes this investing “woke?” Well, much like how conservatives normally flounder when trying to define a word they stole from black people, “Woke Investing” essentially just means any kind of capital investment that they, the fossil fuel billionaire class and their sycophants, don’t personally profit from.

One of these aforementioned sycophants is Andy Puzder, conservative commentator, fellow at The Heritage Foundation, and former fast-food CEO. He calls this kind of so-called woke investing “socialism in sheep’s clothing,” further explaining in leaked audio of a closed-door meeting:

“My father's generation's challenge was the Nazis, who, by the way, were, of course, very proud socialists[citation fucking needed]. The challenge of my generation was the communists, who were, of course, very committed socialists. The challenge of your generation is ESG investing, and it's more insidious than communism or the Nazis.”(source)

You heard it here first, folks. Not investing as much in fossil fuels is more insidious than the Third Fucking Reich.

As usual, the Heritage Foundation is putting their petro-chemical donor’s money where their mouth is. Bills are being proposed to blacklist banks that don’t invest in key state industries, such as West Virginia coal or Texas oil. Fourteen states have already passed bills to restrict ESG-type investing, with Florida Governor Ron “Bullies Kids for Wearing Masks” Desantis leading the charge.

In other words, Climate Denial has reached such a point that so-called Free Market Conservatives who claim to hate big government are trying to make it illegal for banks, investment firms, and financial institutions to make any financial decisions that acknowledges Climate Change is real.

[batboyblog]

Things Biden and the Democrats did, this week #20

May 24-31 2024

The EPA awards $900 million to school districts across the country to replace diesel fueled school buses with cleaner alternatives. The money will go to 530 school districts across nearly every state, DC, tribal community, and US territory. The funds will help replace 3,400 buses with cleaner alternatives, 92% of the new buses will be 100% green electric. This adds to the $3 billion the Biden administration has already spent to replace 8,500 school buses across 1,000 school districts in the last 2 years.

For the first time the federal government released guidelines for Voluntary Carbon Markets. Voluntary Carbon Markets are a system by which companies off set their carbon emissions by funding project to fight climate change like investing in wind or solar power. Critics have changed that companies are using them just for PR and their funding often goes to projects that would happen any ways thus not offsetting emissions. The new guidelines seek to insure integrity in the Carbon Markets and make sure they make a meaningful impact. It also pushes companies to address emissions first and use offsets only as a last resort.

The IRS announced it'll take its direct file program nationwide in 2025. In 2024 140,000 tax payers in 12 states used the direct file pilot program and the IRS now plans to bring it to all Americans next tax season. Right now the program is only for simple W-2 returns with no side income but the IRS has plans to expand it to more complex filings in the future. This is one of the many projects at the IRS being funded through President Biden's Inflation Reduction Act.

The White House announced steps to boost nuclear energy in America. Nuclear power in the single largest green energy source in the country accounting for 19% of America's total energy. Boosting Nuclear energy is a key part of the Biden administration's strategy to reach a carbon free electricity sector by 2035. The administration has invested in bring the Palisades nuclear plant in Michigan back on-line, and extending the life of Diablo Canyon in California. In addition the Military will be deploying new small modular nuclear reactors and microreactors to power its installations. The Administration is setting up a task force to help combat the delays and cost overruns that have often derailed new nuclear projects and the Administration is supporting two Gen III+ SMR demonstration projects to highlight the safety and efficiency of the next generation of nuclear power.

The Department of Agriculture announced $824 million in new funding to protect livestock health and combat H5N1. The funding will go toward early detection, vaccine research, and supporting farmers impacted. The USDA is also launching a nation wide Dairy Herd Status Pilot Program, hopefully this program will give us a live look at the health of America's dairy herd and help with early detection. The Biden Administration has reacted quickly and proactively to the early cases of H5N1 to make sure it doesn't spread to the human population and become another pandemic situation.

The White House announced a partnership with 21 states to help supercharge America's aging energy grid. Years of little to no investment in America's Infrastructure has left our energy grid lagging behind the 21st century tech. This partnership aims to squeeze all the energy we can out of our current system while we rush to update and modernize. Last month the administration announced a plan to lay 100,000 miles of new transmission lines over the next five years. The 21 states all with Democratic governors are Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Washington, and Wisconsin.

The Department of Transportation announced $343 million to update 8 of America's oldest and busiest transportation stations for disability accessibility. These include the MBTA's the Green Line's light-rail B and C branches in Boston,  Cleveland's Blue Line, New Orleans'  St. Charles Streetcar route, and projects in San Francisco and New York City and other locations

The Department of interior announced two projects for water in Western states. $179 million for drought resilience projects in California and Utah and $242 million for expanding water access in California, Colorado and Washington. The projects should help support drinking water for 6.4 million people every year.

HUD announced $150 million for affordable housing for tribal communities. This adds to the over $1 billion dollars for tribal housing announced earlier in the month. Neil Whitegull of the Ho-Chunk Nation said at the announcement "I know a lot of times as Native Americans we've been here and we've seen people that have said, ‘Oh yeah, we'd like to help Indians.’ And they take a picture and they go away. We never see it, But there's been a commitment here, with the increase in funding, grants, and this administration that is bringing their folks out. And there's a real commitment, I think, to Native American tribes that we've never seen before."

Secretary of State Antony Blinken pledged $135 million to help Moldavia. Since the outbreak of Russia's war against neighboring Ukraine the US has given $774 million in aid to tiny Moldavia. Moldavia has long been dependent on Russian energy but thanks to US investment in the countries energy security Moldavia is breaking away from Russia and moving forward with EU membership.

The US and Guatemala launched the "Youth With Purpose” initiative. The initiative will be run through the Central America Service Corps, launched in 2022 by Vice President Harris the CASC is part of the Biden Administration's efforts to improve life in Central America. The Youth With Purpose program will train 25,000 young Guatemalans and connect with with service projects throughout the country.

Bonus: Today, May 31st 2024, is the last day of the Affordable Connectivity Program. The program helped 23 million Americans connect to the internet while saving them $30 to $75 dollars every month. Despite repeated calls from President Biden Republicans in Congress have refused to act to renew the program. The White House has worked with private companies to get them to agree to extend the savings to the end of 2024. The Biden Administration has invested $90 Billion high-speed internet investments. Such as $42.45 billion for Broadband Equity, Access, and Deployment, $1 billion for the The Middle Mile program laying 12,000 miles of regional fiber networks, and distributed nearly 30,000 connected devices to students and communities, including more than 3,600 through the Tribal Broadband Connectivity Program

[fairuzfan]

Have you heard about the global day of action on March 2?

Yes! I have! Here's more info about it (click). Here, from the "About" section:

There is a growing global movement for a Free Palestine. Across the world, millions of people are engaging in demonstrations and organizing major marches in solidarity with Palestine. Our demands for an immediate ceasefire, cutting all aid to Israel, and lifting the siege on Gaza have broader support than ever. On November 4th, over 500,000 gathered in Washington DC for the largest march in recent times to stand in solidarity with Palestine. Protests with half a million people erupted on the streets of London, constituents across Canada occupied over 17 MP offices from coast to coast, and Belgian dock workers' unions have refused to transport weapons by plane or sea that are destined for Israel.  We must keep building momentum and increase the pressure with more marches, walk-outs, sit-ins, and other forms of direct action directed at the political offices, businesses, and workplaces that fund, invest, and collaborate with Israeli genocide and occupation. NOW is the time for our mobilizations to grow in size, frequency, and focus; building a political climate that makes Israel’s business of genocide unsustainable.

Already protesters have shut down highways, train stations, and bridges in the United States; activists have targeted Israeli weapons manufacturers; Belgian dockworkers’ unions have refused to handle weapons transports to Israel; Bolivia has cut diplomatic ties with Israel while Jordan, Chile, and Colombia have recalled their Israeli ambassadors. Be part of the change, take action, and make your voice heard as the global struggle for Palestine enters a new phase.

Join the Shutdown for Palestine on Friday, December 8, 2023. We call on movements, organized labor, youth, students, media and healthcare workers, and all members of society to join us in demanding an immediate ceasefire, cutting all aid to Israel, and lifting the siege on Gaza. This call to action started on November 9, but we will continue to build up the momentum with ongoing days of action. No business as usual until Palestine is Free!

Walk out from work and/or school

Picket Israeli embassies and consulates

Picket against companies that profit from Israel’s occupation of Palestine (Lockheed Martin, Boeing, Raytheon, Northrop Grumman, General Dynamics, Elbit Systems)

Host speak outs

Wear kuffiyehs

Wear black armbands

[probablyasocialecologist]

The potential of newly created forests to draw down carbon is often overstated. They can be harmful to biodiversity. Above all, they are really damaging when used, as they often are, as avoidance offsets— “as an excuse to avoid cutting emissions,” Crowther said. The popularity of planting new trees is a problem—at least partly—of Crowther’s own making. In 2019, his lab at ETH Zurich found that the Earth had room for an additional 1.2 trillion trees, which, the lab’s research suggested, could suck down as much as two-thirds of the carbon that humans have historically emitted into the atmosphere. “This highlights global tree restoration as our most effective climate change solution to date,” the study said. Crowther subsequently gave dozens of interviews to that effect. This seemingly easy climate solution sparked a tree-planting craze by companies and leaders eager to burnish their green credentials without actually cutting their emissions, from Shell to Donald Trump. It also provoked a squall of criticism from scientists, who argued that the Crowther study had vastly overestimated the land suitable for forest restoration and the amount of carbon it could draw down. (The study authors later corrected the paper to say tree restoration was only “one of the most effective” solutions, and could suck down at most one-third of the atmospheric carbon, with large uncertainties.) Crowther, who says his message was misinterpreted, put out a more nuanced paper last month, which shows that preserving existing forests can have a greater climate impact than planting trees. He then brought the results to COP28 to “kill greenwashing” of the kind that his previous study seemed to encourage—that is, using unreliable evidence on the benefits of planting trees as an excuse to keep on emitting carbon. “Killing greenwashing doesn’t mean stop investing in nature,” he says. “It means doing it right. It means distributing wealth to the Indigenous populations and farmers and communities who are living with biodiversity.”

[...]

Crowther’s November study—with more than 200 scientists listed as coauthors—instead stresses the power of preserving intact woodlands. While restoring destroyed or fragmented forests would absorb a potential 87 gigatonnes of carbon, simply allowing existing forests to grow to maturity would absorb an additional 139 gigatonnes. These estimates exclude urban, farming, and grazing areas that may once have held forests but are unlikely to be given over to nature.

[follow-up-news]

Voters in Washington state on Tuesday upheld a groundbreaking law that is forcing companies to cut carbon emissions while raising billions of dollars for programs that include habitat restoration and preparing for climate change. Just two years after it was passed, the Climate Commitment Act, one of the most progressive climate policies ever passed by state lawmakers, faced a repeal effort from conservatives. They blamed it for ramping up energy and gas costs in Washington, which has long had some of the highest gas prices in the nation. “Tonight’s results demonstrate the power of a historic coalition and grassroots movement that came together to say ‘no’ to more pollution, and said they want to protect our clean air, water, land, and transportation investments,” Wellesley Daniels, who managed the campaign against the repeal effort, said in a written statement. The law, a signature accomplishment of outgoing Democratic Gov. Jay Inslee, requires major polluters to pay for the right to do so by buying “allowances.” One allowance equals 1 metric ton of greenhouse gas pollution. Each year the number of allowances available for purchase drops — with the idea of forcing companies to find ways to cut their emissions.

[mostlysignssomeportents]

End of the line for corporate sovereignty

I'm on tour with my new, nationally bestselling novel The Bezzle! Catch me next weekend (Mar 30/31) in ANAHEIM at WONDERCON, then in Boston with Randall "XKCD" Munroe (Apr 11), then Providence (Apr 12), and beyond!

Back in the 1950s, a new, democratically elected Iranian government nationalized foreign oil interests. The UK and the US then backed a coup, deposing the progressive government with one more hospitable to foreign corporations:

https://en.wikipedia.org/wiki/Nationalization_of_the_Iranian_oil_industry

This nasty piece of geopolitical skullduggery led to the mother-of-all-blowbacks: the Anglo-American puppet regime was toppled by the Ayatollah and his cronies, who have led Iran ever since.

For the US and the UK, the lesson was clear: they needed a less kinetic way to ensure that sovereign countries around the world steered clear of policies that undermined the profits of their oil companies and other commercial giants. Thus, the "investor-state dispute settlement" (ISDS) was born.

The modern ISDS was perfected in the 1990s with the Energy Charter Treaty (ECT). The ECT was meant to foam the runway for western corporations seeking to take over ex-Soviet energy facilities, by making those new post-Glasnost governments promise to never pass laws that would undermine foreign companies' profits.

But as Nick Dearden writes for Jacobin, the western companies that pushed the east into the ECT failed to anticipate that ISDSes have their own form of blowback:

https://jacobin.com/2024/03/energy-charter-treaty-climate-change/

When the 2000s rolled around and countries like the Netherlands and Denmark started to pass rules to limit fossil fuels and promote renewables, German coal companies sued the shit out of these governments and forced them to either back off on their democratically negotiated policies, or to pay gigantic settlements to German corporations.

ISDS settlements are truly grotesque: they're not just a matter of buying out existing investments made by foreign companies and refunding them money spent on them. ISDS tribunals routinely order governments to pay foreign corporations all the profits they might have made from those investments.

For example, the UK company Rockhopper went after Italy for limiting offshore drilling in response to mass protests, and took $350m out of the Italian government. Now, Rockhopper only spent $50m on Adriatic oil exploration – the other $300m was to compensate Rockhopper for the profits it might have made if it actually got to pump oil off the Italian coast.

Governments, both left and right, grew steadily more outraged that ISDSes tied the hands of democratically elected lawmakers and subordinated their national sovereignty to corporate sovereignty. By 2023, nine EU countries were ready to pull out of the ECT.

But the ECT had another trick up its sleeve: a 20-year "sunset" clause that bound countries to go on enforcing the ECT's provisions – including ISDS rulings – for two decades after pulling out of the treaty. This prompted European governments to hit on the strategy of a simultaneous, mass withdrawal from the ECT, which would prevent companies registered in any of the ex-ECT countries from suing under the ECT.

It will not surprise you to learn that the UK did not join this pan-European coalition to wriggle out of the ECT. On the one hand, there's the Tories' commitment to markets above all else (as the Trashfuture podcast often points out, the UK government is the only neoliberal state so committed to austerity that it's actually dismantling its own police force). On the other hand, there's Rishi Sunak's planet-immolating promise to "max out North Sea oil."

But as the rest of the world transitions to renewables, different blocs in the UK – from unions to Tory MPs – are realizing that the country's membership in ECT and its fossil fuel commitment is going to make it a world leader in an increasingly irrelevant boondoggle – and so now the UK is also planning to pull out of the ECT.

As Dearden writes, the oil-loving, market-worshipping UK's departure from the ECT means that the whole idea of ISDSes is in danger. After all, some of the world's poorest countries are also fed up to the eyeballs with ISDSes and threatening to leave treaties that impose them.

One country has already pulled out: Honduras. Honduras is home to Prospera, a libertarian autonomous zone on the island of Roatan. Prospera was born after a US-backed drug kingpin named Porfirio Lobo Sosa overthrew the democratic government of Manuel Zelaya in 2009.

The Lobo Sosa regime established a system of special economic zones (known by their Spanish acronym, "ZEDEs"). Foreign investors who established a ZEDE would be exempted from Honduran law, allowing them to create "charter cities" with their own private criminal and civil code and tax system.

This was so extreme that the Honduran supreme court rejected the plan, so Lobo Sosa fired the court and replaced them with cronies who'd back his play.

A group of crypto bros capitalized on this development, using various ruses to establish a ZEDE on the island of Roatan, a largely English-speaking, Afro-Carribean island known for its marine reserve, its SCUBA diving, and its cruise ship port. This "charter city" included every bizarre idea from the long history of doomed "libertarian exit" projects, so ably recounted in Raymond Craib's excellent 2022 book Adventure Capitalism:

https://pluralistic.net/2022/06/14/this-way-to-the-egress/#terra-nullius

Right from the start, Prospera was ill starred. Paul Romer, the Nobel-winning economist most closely associated with the idea of charter cities, disavowed the project. Locals hated it – the tourist shops and restaurants on Roatan all may sport dusty "Bitcoin accepted here" signs, but not one of those shops takes cryptocurrency.

But the real danger to Prospera came from democracy itself. When Xiomara Castro – wife of Manuel Zelaya – was elected president in 2021, she announced an end to the ZEDE program. Prospera countered by suing Honduras under the ISDS provisions of the Central America Free Trade Agreements, seeking $10b, a third of the country's GDP.

In response, President Castro announced her country's departure from CAFTA, and the World Bank's International Centre for Settlement of Investment Disputes:

https://theintercept.com/2024/03/19/honduras-crypto-investors-world-bank-prospera/

An open letter by progressive economists in support of President Castro condemns ISDSes for costing latinamerican countries $30b in corporate compensation, triggered by laws protecting labor rights, vulnerable ecosystems and the climate:

https://progressive.international/wire/2024-03-18-economists-the-era-of-corporate-supremacy-in-the-international-trade-system-is-coming-to-an-end/en

As Ryan Grim writes for The Intercept, the ZEDE law is wildly unpopular with the Honduran people, and Merrick Garland called the Lobo Sosa regime that created it "a narco-state where violent drug traffickers were allowed to operate with virtual impunity":

https://theintercept.com/2024/03/19/honduras-crypto-investors-world-bank-prospera/

The world's worst people are furious and terrified about Honduras's withdrawal from its ISDS. After 60+ years of wrapping democracy in chains to protect corporate profits, the collapse of the corporate kangaroo courts that override democratic laws represents a serious threat to oligarchy.

As Dearden writes, "elsewhere in the world, ISDS cases have been brought specifically on the basis that governments have not done enough to suppress protest movements in the interests of foreign capital."

It's not just poor countries in the global south, either. When Australia passed a plain-packaging law for tobacco, Philip Morris relocated offshore in order to bring an ISDS case against the Australian government in a bid to remove impediments to tobacco sales:

https://isds.bilaterals.org/?philip-morris-vs-australia-isds

And in 2015, the WTO sanctioned the US government for its "dolphin-safe" tuna labeling, arguing that this eroded the profits of corporations that fished for tuna in ways that killed a lot of dolphins:

https://theintercept.com/2015/11/24/wto-ruling-on-dolphin-safe-tuna-labeling-illustrates-supremacy-of-trade-agreements/

In Canada, the Conservative hero Steven Harper entered into the Canada-China Foreign Investment Promotion and Protection Agreement, which banned Canada from passing laws that undermined the profits of Chinese corporations for 31 years (the rule expires in 2045):

https://www.vancouverobserver.com/news/harper-oks-potentially-unconstitutional-china-canada-fipa-deal-coming-force-october-1

Harper's successor, Justin Trudeau, went on to sign the Canada-EU Trade Agreement that Harper negotiated, including its ISDS provisions that let EU corporations override Canadian laws:

https://www.cbc.ca/news/politics/trudeau-eu-parliament-schulz-ceta-1.3415689

There was a time when any challenge to ISDS was a political third rail. Back in 2015, even hinting that ISDSes should be slightly modified would send corporate thinktanks into a frenzy:

https://www.techdirt.com/2015/07/20/eu-proposes-to-reform-corporate-sovereignty-slightly-us-think-tank-goes-into-panic-mode/

But over the years, there's been a growing consensus that nations can only be sovereign if corporations aren't. It's one thing to treat corporations as "persons," but another thing altogether to elevate them above personhood and subordinate entire nations to their whims.

With the world's richest countries pulling out of ISDSes alongside the world's poorest ones, it's feeling like the end of the road for this particularly nasty form of corporate corruption.

And not a moment too soon.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/03/27/korporate-kangaroo-kourts/#corporate-sovereignty

Image: ChrisErbach (modified) https://commons.wikimedia.org/wiki/File:UnitedNations_GeneralAssemblyChamber.jpg

CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/deed.en

[rjzimmerman]

Excerpt from this story from the New York Times:

At first glance, Dave Langston’s predicament seems similar to headaches facing homeowners in coastal states vulnerable to catastrophic hurricanes: As disasters have become more frequent and severe, his insurance company has been losing money. Then, it canceled his coverage and left the state.

But Mr. Langston lives in Iowa.

Relatively consistent weather once made Iowa a good bet for insurance companies. But now, as a warming planet makes events like hail and wind storms worse, insurers are fleeing.

Mr. Langston spent months trying to find another company to insure the townhouses, on a quiet cul-de-sac at the edge of Cedar Rapids, that belong to members of his homeowners association. Without coverage, “if we were to have damage that hit all 17 units, we’re looking at bankruptcy for all of us,” he said.

The insurance turmoil caused by climate change — which had been concentrated in Florida, California and Louisiana — is fast becoming a contagion, spreading to states like Iowa, Arkansas, Ohio, Utah and Washington. Even in the Northeast, where homeowners insurance was still generally profitable last year, the trends are worsening.

In 2023, insurers lost money on homeowners coverage in 18 states, more than a third of the country, according to a New York Times analysis of newly available financial data. That’s up from 12 states five years ago, and eight states in 2013. The result is that insurance companies are raising premiums by as much as 50 percent or more, cutting back on coverage or leaving entire states altogether. Nationally, over the last decade, insurers paid out more in claims than they received in premiums, according to the ratings firm Moody’s, and those losses are increasing.

The growing tumult is affecting people whose homes have never been damaged and who have dutifully paid their premiums, year after year. Cancellation notices have left them scrambling to find coverage to protect what is often their single biggest investment. As a last resort, many are ending up in high-risk insurance pools created by states that are backed by the public and offer less coverage than standard policies. By and large, state regulators lack strategies to restore stability to the market.

Insurers are still turning a profit from other lines of business, like commercial and life insurance policies. But many are dropping homeowners coverage because of losses.

Tracking the shifting insurance market is complicated by the fact it is not regulated by the federal government; attempts by the Treasury Department to simply gather data have been rebuffed by some state regulators. 

The turmoil in insurance markets is a flashing red light for an American economy that is built on real property. Without insurance, banks won’t issue a mortgage; without a mortgage, most people can’t buy a home. With fewer buyers, real estate values are likely to decline, along with property tax revenues, leaving communities with less money for schools, police and other basic services.

And without sufficient insurance, people struggle to rebuild after disasters. Last year, storms, wildfires and other disasters pushed 2.5 million American adults out of their homes, according to census data, including at least 830,000 people who were displaced for six months or longer.

[notwiselybuttoowell]

The Science Museum has been forced to cut ties with oil giant Equinor over its sponsor’s environmental record, the Observer can reveal.

Equinor has sponsored the museum’s interactive “WonderLab” since 2016, but the relationship is now coming to close, a move that will be seen as a major victory for climate change campaigners.

The sponsorship deal had been controversial because of Equinor’s role in Rosebank, the biggest undeveloped oil and gas field in the North Sea, which the government gave the go-ahead to develop last year.

The company also inserted a “gagging clause” in its original deal with the museum, which prevented staff from making comments that could be seen as ���discrediting or damaging the goodwill or reputation” of Equinor.

The move has added to pressure on the museum to cut ties with other fossil fuel sponsors, including the oil giant BP and the Indian coal-mining conglomerate Adani.

Last year the Church of England cut its fossil fuel investments after concluding no big oil and gas company was “aligned with the goals of the Paris Climate Agreement, as assessed by the Transition Pathway Initiative”.

The move is a major shift in policy by the museum, which has forcefully defended its relationships with oil and gas companies in the past. In 2019, Blatchford told the Financial Times that “even if the Science Museum were lavishly publicly funded I would still want to have sponsorship from the oil companies”.

The move comes after the controversy surrounding investment manager Baillie Gifford and its ties to Israel and fossil fuel companies.

A campaign by Fossil Free Books led to Baillie Gifford ending funding for nine book festivals, including Edinburgh, Cheltenham and the Hay festival, which was the first to decline sponsorship after speakers began to boycott the event.

[elsa16744]

Top Climate Change Stocks to Invest in 2023

As the world grapples with the urgent challenges posed by climate change, investing in companies at the forefront of sustainable solutions has gained significant traction. In 2023, the investment landscape offers ample opportunities for those looking to align their portfolios with environmental values. Here, we present some of the best climate change stocks that merit consideration for your investment endeavors.

Company A - Best Climate Change Stocks: Company A has positioned itself as a leader in combating climate change. With innovative technologies aimed at reducing carbon emissions and promoting renewable energy sources, it garners attention from investors and environmentalists alike. Their commitment to sustainability makes them a prime candidate in the realm of climate change stocks 2023.

Company B - Climate Change Stocks 2023: Company B's dedication to developing eco-friendly solutions propels them onto the list of top climate change stocks 2023. Their focus on creating products that minimize environmental impact while addressing consumer needs proves to be a winning strategy.

Company C: Company C stands out as an industry trailblazer in sustainability. By embracing innovative practices and striving for carbon neutrality, it establishes itself as one of the best climate change stocks for investment in 2023.

Company D: Investing in Company D offers potential financial gains while contributing to the fight against climate change. Emphasizing ethical practices and green initiatives, it rightly earns its place among noteworthy climate change stocks 2023.

Company E: Company E's strides in developing cutting-edge solutions against climate change capture global investor attention. Allocating resources toward impactful projects solidifies its status as one of the standout best climate change stocks this year.

Conclusion:

The urgency of addressing climate change has ushered in a new era of investment opportunities. Strategically allocating resources to companies at the forefront of sustainability not only offers potential financial rewards but also contributes to a greener future. The best climate change stocks of 2023 are lucrative and align with the global imperative to combat environmental challenges. Explore these opportunities to invest wisely in a sustainable tomorrow.

For more information, visit: Top Climate Change Stocks to Invest in 2023

[deirdreskye]

Commercial I would produce as an advertising executive:

We are treated to a succession of interviews with several different billionaires concerning their plans for the future.

"Humanity's destiny is in the stars," says the cool, young social media entrepreneur. "My new company will build a Mars colony in the next twenty years, and from there? The galaxy. The universe!"

"My next project is to render the human body obsolete," says the rideshare app CEO. "The mind-machine interface is no longer science fiction, it's reality. Soon, we will upload our minds to the cloud and live in virtual reality. Or as I call it, paradise!"

"We have forgotten God, and the traditional family values He has set out for us," says the aging, old-money oil man. "But my political contributions and policy think tanks will bring about an end to this age of sin and decadence!"

"Climate change is far from inevitable," says the real-estate mogul. "With my investments in green energy, we are only a technological breakthrough or two away from ending and reversing global climate change. As far as I'm concerned, the world has already been saved!"

Now we get to see how their plans turn out. A space ship drifts through oblivion and inside, all the lights are off. The social media entrepreneur is in his space suit, his lifeless eyes staring out into the void. It turns out his rocket ship was about as reliable as his electric cars.

Then we see the rideshare CEO. Or rather, his virtual avatar. He sits in the lotus position, meditating before a peaceful, pixelated field of grass. His eyes snap open. And then, he shrieks in agony. Back in the real world, his brain is in a jar, crisscrossed with wires and electrodes, suspended in fluid that is beginning to boil. The lab is on fire. Let's hope they fix this little glitch in the next patch.

The old-money oil man is long dead, of course, but his great-great-grandson lives on. We see him in the crumbling ruins of the Vatican, ritualistically sacrificing a lamb on a great pyre before the shit-smeared remains of the Pope's golden throne to the cheers of his tribe. An orgy breaks out to celebrate the occasion and we see the oil billionaire's progeny swallow a mouthful of the moon priestess' urine. "Thank you, daddy," he says, wiping his mouth. Now that's what I call "family values".

Finally, we see a field of shattered solar panels beneath a red sun, like so many broken windows in the sand in every direction as far as the eye can see. This place is not a place of honor. No highly esteemed deed is commemorated here. Nothing valued is here. What is here was dangerous and repulsive to us.

Sometimes, things just don't go the way you planned. When that happens, State Farm Insurance has you covered.

[dreaminginthedeepsouth]

LETTERS FROM AN AMERICAN

July 6, 2023

HEATHER COX RICHARDSON

JUL 7, 2023

The payroll processing firm ADP said today that private sector jobs jumped by 497,000 in June, far higher than the Dow Jones consensus estimate predicted. The big gains were in leisure and hospitality, which added 232,000 new hires; construction with 97,000; and trade, transportation and utilities with 90,000. Annual pay rose at a rate of 6.4%. Most of the jobs came from companies with fewer than 50 employees. 

The Dow Jones Industrial Average, which is a way to measure the stock market by aggregating certain stocks, dropped 372 points as the strong labor market made traders afraid that the Fed would raise interest rates again to cool the economy. Higher interest rates make borrowing more expensive, slowing investment. 

Today, as the Washington Post’s climate reporter Scott Dance warned that the sudden surge of broken heat records around the globe is raising alarm among scientists, Bloomberg’s Cailley LaPara reported that the incentives in the Inflation Reduction Act for emerging technologies to address climate change have long-term as well as short-term benefits. 

Dance noted that temperatures in the North Atlantic are already close to their typical annual peak although we are early in the season, sea ice levels around Antarctica are terribly low, and Monday was the Earth’s hottest day in at least 125,000 years and Tuesday was hotter. LaPara noted that while much attention has been paid to the short-term solar, EV, and wind industries in the U.S., emerging technologies for industries that can’t be electrified—technologies like sustainable aviation fuel, clean hydrogen, and direct air capture, which pulls carbon dioxide out of the air—offer huge potential to reduce emissions by 2030. 

This news was the backdrop today as President Biden was in South Carolina to talk about Bidenomics. After touting the huge investments of both public and private capital that are bringing new businesses and repaired infrastructure to that state, Biden noted that analysts have said that the new laws Democrats have passed will do more for Republican-dominated states than for Democratic ones. “Well, that’s okay with me,” Biden said, “because we’re all Americans. Because my view is: Wherever the need is most, that’s the place we should be helping. And that’s what we’re doing. Because the way I look at it, the progress we’re making is good for all Americans, all of America.”

On Air Force One on the way to the event, deputy press secretary Andrew Bates began his remarks to the press: “President Biden promised that he would be a president for all Americans, regardless of where they live and regardless of whether they voted for him or not. He also promised to rebuild the middle class. The fact that Bidenomics has now galvanized over $500 billion in job-creating private sector investment is the newest testament to how seriously he takes fulfilling those promises.”

Bates listed all the economic accomplishments of the administration and then added: “the most powerful endorsement of Bidenomics is this: Every signature economic law this President has signed, congressional Republicans who voted “no” and attacked it on Fox News then went home to their district and hailed its benefits.” He noted that “Senator Lindsey Graham called the Inflation Reduction Act ‘a nightmare for South Carolina,’” then, “[j]ust two months later, he called BMW’s electric vehicles announcement ‘one of the most consequential announcements in the history of the state of South Carolina.’” “Representative Joe Wilson blasted the Bipartisan Infrastructure Law but later announced, ‘I welcome Scout Motors’ plans to invest $2 billion and create up to 4,000 jobs in South Carolina.’ Nancy Mace called Bidenomics legislation a…‘disaster,’ then welcomed a RAISE grant to Charleston.” 

“[W]hat could speak to the effectiveness of Bidenomics more than these conversions?” Bates asked.

While Biden is trying to sell Americans on an economic vision for the future, the Republican leadership is doubling down on dislike of President Biden and the Democrats. Early on the morning of July 2, Trump, who remains the presumptive 2024 Republican presidential nominee, shared a meme of President Biden that included a flag reading: “F*CK BIDEN AND F*CK YOU FOR VOTING FOR HIM!” The next morning, in all caps, he railed against what he called “massive prosecutorial conduct” and “the weaponization of law enforcement,” asking: “Do the people of this once great nation even have a choice but to protest the potential doom of the United States of America??? 2024!!!”

Prosecutors have told U.S. district judge Aileen Cannon that they want to begin Trump’s trial on 37 federal charges for keeping and hiding classified national security documents, and as his legal trouble heats up, Trump appears to be calling for violence against Democrats. On June 29 he posted what he claimed was the address of former president Barack Obama, inspiring a man who had been at the January 6 attack on the U.S. Capitol to repost the address and to warn, “We got these losers surrounded! See you in hell,…Obama’s [sic].” Taylor Tarranto then headed there with firearms and ammunition, as well as a machete, in his van. Secret Service agents arrested him. 

Indeed, those crossing the law for the former president are not faring well. More than 1,000 people have been arrested for their participation in the events of January 6, and those higher up the ladder are starting to feel the heat as well. Trump lawyer Lin Wood, who pushed Trump’s 2020 election lies, was permitted to “retire” his law license on Tuesday rather than be disbarred. Trump lawyer John Eastman is facing disbarment in California for trying to overturn the 2020 election with his “fake elector” scheme, a ploy whose legitimacy the Supreme Court rejected last week. And today, Trump aide Walt Nauta pleaded not guilty to federal charges of withholding documents and conspiring to obstruct justice for allegedly helping Trump hide the classified documents he had at Mar-a-Lago. 

Trump Republicans—MAGA Republicans—are cementing their identity by fanning fears based on cultural issues, but it is becoming clear those are no longer as powerful as they used to be as the reality of Republican extremism becomes clear. 

Yesterday the man who raped and impregnated a then-9-year-old Ohio girl was sentenced to at least 25 years in prison. Last year, after the Supreme Court overturned the 1973 Roe v. Wade decision recognizing the constitutional right to abortion, President Biden used her case to argue for the need for abortion access. Republican lawmakers, who had criminalized all abortions after 6 weeks, before most people know they’re pregnant, publicly doubted that the case was real (Ohio Attorney General Dave Yost told the Fox News Channel there was “not a damn scintilla of evidence” to support the story). Unable to receive an abortion in Ohio, the girl, who had since turned 10, had to travel to Indiana, where Dr. Caitlin Bernard performed the procedure.

Republican Indiana attorney general Todd Rokita complained—inaccurately—that Bernard had not reported child abuse and that she had violated privacy laws by talking to a reporter, although she did not identify the patient and her employer said she acted properly. Bernard was nonetheless reprimanded for her handling of privacy issues and fined by the Indiana licensing board. Her employer disagreed.

As Republican-dominated states have dramatically restricted abortion, they have fueled such a backlash that party members are either trying to avoid talking about it or are now replacing the phrase “national ban” with “national consensus” or “national standard,” although as feminist writer Jessica Valenti, who studies this language, notes, they still mean strict antiabortion measures. In the House, some newly-elected and swing-district Republicans have blocked abortion measures from coming to a vote out of concern they will lose their seats in 2024. 

But it is not at all clear the issue will go away. Yesterday, those committed to protecting abortion rights in Ohio turned in 70% more signatures than they needed to get a measure amending the constitution to protect that access on the ballot this November. In August, though, antiabortion forces will use a special election to try to change the threshold for constitutional amendments, requiring 60% of voters rather than a majority.

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

[drdemonprince]

ive seen you talk about FIRE/mr money moustache and i am interested in how you balance that with your politics. i ask because i am also interested in FIRE but struggle with the idea of saving 2mil+ to retire early when people need money NOW to survive. not just broadly but even loved ones and community members in my immediate vicinity. i dont mean this in an EXPLAIN YOURSELF sort of way, just so many of the FIRE etc people i find writing about it dont really address this aspect and its something i struggle with internally myself.

Sure, I don't mind speaking about this at all. I wish I more frequently had the occasion to because it's a major special interest of mine.

First, I'm not interested in the saving 2 million dollars (if that were even feasible) school of financial independence/ retire early. I'm more of an adherent to the r/LeanFire, r/BaristaFire type approach of maintaining a consistently very frugal standard of living that is sustainable for me, on a relatively smaller savings, and pursuing a life of relatively little consumption.

I also think that MMM, despite his many flaws, is broadly accurate in stating that when people continuing working all their lives, they also create more ecological devastation by consuming a whole of a hell lot more resources on convenience and burning more fuel, while chasing after a steadily rising living standard set by the norms of their profession. By taking myself out of the workforce sooner rather than later, I will be contributing less to climate change and waste because I'll need fewer convenience meals, fewer car rides, fewer flights, fewer hotel rooms, fewer fancy professional clothes, and so on and so on.

I also spend a lot of time on the Socially Conscious Mustachians group on Facebook, which focuses on investing one's savings in ways that are less ethically problematic. The easy mode version of this is simply putting one's money into index funds that exclude oil companies, gun manufacturers, etc. But honestly, today, with interest rates being as high as they are? It's pretty easy to just sock one's money into a CD or a bond, collect the cool 5.4% interest, and avoid having to contribute to the stock market directly at all. There are even high-yield savings accounts at credit unions that pay out about that much interest these days, and those entities typically do not invest in oil pipelines, BDS targets, or anything all that objectionable.

As for the hoading money while others are in need piece: Well. yeah. that's a difficult ethical challenge that we all must consider. how much can i hold onto for my own wellbeing in the spirit of "putting on one's oxygen mask first" without it being wealth hoarding? how much should i give to other people when i see that they are in need --someone could easily make the case that I have the moral obligation to give away what i have to my very last cent, and I couldn't really argue with them on that. maybe a person should do that. but i'm not going to do it. and of course the effective altruism freakos would counter that if i invest my money and grow it now, i will have more to give to others in the long run than if i cash out now.

realistically, i won't be able to continue working for much longer without having another health episode or worse. i will not qualify for disability benefits because high maskers who have had careers usually do not. and social security's coffers will be entirely drained long before i reach the age to qualify for it. if i enter my non-working years without any resources, someone else will have to worry about me staying housed and medicated and fed.

i tend to think of my retire early stash as my own little private disability benefits fund that will allow me to live safely and will hopefully allow me to take care of other people that i love as we age, and that will give me the freedom from having to do any morally compromising capitalist labor ever again, and only put my energies towards causes that either fulfill me or benefit others.

but it's still rooted in a highly individualistic capitalist system, this holding onto money under my own name and investing it thing. im sure a lot of people would choose instead to sock all of their money into some kind of cooperatively owned communist farm or something, and you know, some day down the line i would love to put money toward a big multi unit building that lots of people i am in community with could live in, with no financial obligations for them. but i dont have anywhere near that kind of scratch. as hannibal buress (that landlord piece of shit) said, "i don't have fuck you money, i have strongly worded email money." and you know, being able to write a strongly worded email to people who would otherwise be exploiting me into another huge burnout does feel good.

thinking that one day i might not work anymore is one of the only things that keeps me going. i am always on the razor's edge of not functioning, i dont think people really realize that, how could they, the mask is there to prevent them seeing it. im beyond privileged to even get to CONSIDER the dream of getting by on my savings for however long human society continues to exist. and it sure would be better if i could extend that kind of freedom and peace of mind to others. my life still feels very precarious and it always has and ive had to be stable for the sake of others for a long time, ive had to be financially responsible for others for a long time. i cling to the idea of FI/RE because it offers me a way to finally break down and be weak. but something more community oriented and interdependent would sure as fuck be better. in the meantime i guess im saving for something like that i could trust enough to give myself over to.

i also have a really strong fetishistic desire to be someone's completely brainwashed sex pet for the entire rest of my life, and having an early retirement account would really help me facilitate that

[batboyblog]

Things Biden and the Democrats did, this week #3

Jan 26-Feb 2 2024

The House overwhelmingly passed a tax deal that will revive the expanded Child Tax Credit, this will effect 16 million American children and lift 400,000 out of poverty in the first year. The deal also supports the building of 200,000 housing units over the next two years, and provides tax relief for communities hit by disasters.

The Biden Administration has begun negotiations on drug prices for Medicare. Earlier this year the administration announced it would negotiate for the first time directly with drug manufacturers on the prices of 10 common medications. This week they sent their opening offers to the companies. The program is expected to save Medicare and enrollees billions over dollars over the long term and help push down drug prices for everyone.

The Department of Transportation has green lit $240 Million to modernize air ports across the country. Air Ports in 37 states will be able to get much needed updates and refurbishment.

The Biden Administration announced 10 sites across America as sites for innovation investment. They will receive up to 2 billion dollars each over the next 10 years. The goal is to stimulate economic growth and innovation in semiconductor manufacturing, clean energy, sustainable textiles, climate-resilient agriculture, regenerative medicine, and more.

The State Department reviews options for recognizing Palestinian Statehood. While as of yet there's been no policy change this review of options is a major shift in US diplomatic thinking which has long opposed Palestinian Statehood and shows a seriousness of reported Biden plans to push for Statehood as part of a post-war Israel-Saudi normalization deal.

President Biden imposes sanctions on Israeli settlers who have engaged in violence against Palestinians and peace activists. This marks the first time the US has leveled sanctions against Israelis and sets up a standard that could see the whole settlement movement cut off from the US financial system

the Department of Energy has tentatively agreed to a $1.5 Billion dollar loan to help reopen a Michigan nuclear power plant. This would mark the first time a closed nuclear plant has been brought back online. Closed in 2022 it's hoped that it could reopen in time to be generating power in late 2025. This is part of Biden's plan to decarbonize the electricity grid by 2035.

the Internal Revenue Service launched a program to allow tax fillers file for free directly with the government. In 2024 its a pilot program limited to 12 states, but plans for it to be nation wide by tax day 2025

The Department of Health and Human Services announced $28 million in grants to help with the treatment of substance use disorder, including a program aimed at pregnant and postpartum women, and expanded drug court aimed at directing people into treatment and out of the criminal justice system.

The Department of Energy announced $72 million for 46 hydroelectric projects across 19 states. This marks the single largest investment in Hydropower in US history.

The Senate confirmed President Biden's 175th federal judge. Biden has now appointed more federal judges in his first term in office than President Obama did in his, however still lags behind Trump's 186 judges. For the first time in history a majority of a President's nominees are not white men, 65% of them are women and 65% are people of color, President Biden has appointed more black women to judgeships than any administration in history.

[sunshinesmebdy]

Pluto in Aquarius: Brace for a Business Revolution (and How to Ride the Wave)

The Aquarian Revolution

Get ready, entrepreneurs and financiers, because a seismic shift is coming. Pluto, the planet of transformation and upheaval, has just entered the progressive sign of Aquarius, marking the beginning of a 20-year period that will reshape the very fabric of business and finance. Buckle up, for this is not just a ripple – it's a tsunami of change. Imagine a future where collaboration trumps competition, sustainability dictates success, and technology liberates rather than isolates. Aquarius, the sign of innovation and humanitarianism, envisions just that. Expect to see:

Rise of social impact businesses

Profits won't be the sole motive anymore. Companies driven by ethical practices, environmental consciousness, and social good will gain traction. Aquarius is intrinsically linked to collective well-being and social justice. Under its influence, individuals will value purpose-driven ventures that address crucial societal issues. Pluto urges us to connect with our deeper selves and find meaning beyond material gains. This motivates individuals to pursue ventures that resonate with their personal values and make a difference in the world.

Examples of Social Impact Businesses

Sustainable energy companies: Focused on creating renewable energy solutions while empowering local communities.

Fair-trade businesses: Ensuring ethical practices and fair wages for producers, often in developing countries.

Social impact ventures: Addressing issues like poverty, education, and healthcare through innovative, community-driven approaches.

B corporations: Certified businesses that meet rigorous social and environmental standards, balancing profit with purpose.

Navigating the Pluto in Aquarius Landscape

Align your business with social impact: Analyze your core values and find ways to integrate them into your business model.

Invest in sustainable practices: Prioritize environmental and social responsibility throughout your operations.

Empower your employees: Foster a collaborative environment where everyone feels valued and contributes to the social impact mission.

Build strong community partnerships: Collaborate with organizations and communities that share your goals for positive change.

Embrace innovation and technology: Utilize technology to scale your impact and reach a wider audience.

Pluto in Aquarius presents a thrilling opportunity to redefine the purpose of business, moving beyond shareholder value and towards societal well-being. By aligning with the Aquarian spirit of innovation and collective action, social impact businesses can thrive in this transformative era, leaving a lasting legacy of positive change in the world.

Tech-driven disruption

AI, automation, and blockchain will revolutionize industries, from finance to healthcare. Be ready to adapt or risk getting left behind. Expect a focus on developing Artificial Intelligence with ethical considerations and a humanitarian heart, tackling issues like healthcare, climate change, and poverty alleviation. Immersive technologies will blur the lines between the physical and digital realms, transforming education, communication, and entertainment. Automation will reshape the job market, but also create opportunities for new, human-centered roles focused on creativity, innovation, and social impact.

Examples of Tech-Driven Disruption:

Decentralized social media platforms: User-owned networks fueled by blockchain technology, prioritizing privacy and community over corporate profits.

AI-powered healthcare solutions: Personalized medicine, virtual assistants for diagnostics, and AI-driven drug discovery.

VR/AR for education and training: Immersive learning experiences that transport students to different corners of the world or historical periods.

Automation with a human touch: Collaborative robots assisting in tasks while freeing up human potential for creative and leadership roles.

Navigating the Technological Tsunami:

Stay informed and adaptable: Embrace lifelong learning and upskilling to stay relevant in the evolving tech landscape.

Support ethical and sustainable tech: Choose tech products and services aligned with your values and prioritize privacy and social responsibility.

Focus on your human advantage: Cultivate creativity, critical thinking, and emotional intelligence to thrive in a world increasingly reliant on technology.

Advocate for responsible AI development: Join the conversation about ethical AI guidelines and ensure technology serves humanity's best interests.

Connect with your community: Collaborate with others to harness technology for positive change and address the potential challenges that come with rapid technological advancements.

Pluto in Aquarius represents a critical juncture in our relationship with technology. By embracing its disruptive potential and focusing on ethical development and collective benefit, we can unlock a future where technology empowers humanity and creates a more equitable and sustainable world. Remember, the choice is ours – will we be swept away by the technological tsunami or ride its wave towards a brighter future?

Decentralization and democratization

Power structures will shift, with employees demanding more autonomy and consumers seeking ownership through blockchain-based solutions. Traditional institutions, corporations, and even governments will face challenges as power shifts towards distributed networks and grassroots movements. Individuals will demand active involvement in decision-making processes, leading to increased transparency and accountability in all spheres. Property and resources will be seen as shared assets, managed sustainably and equitably within communities. This transition won't be without its bumps. We'll need to adapt existing legal frameworks, address digital divides, and foster collaboration to ensure everyone benefits from decentralization.

Examples of Decentralization and Democratization

Decentralized autonomous organizations (DAOs): Self-governing online communities managing shared resources and projects through blockchain technology.

Community-owned renewable energy initiatives: Local cooperatives generating and distributing clean energy, empowering communities and reducing reliance on centralized grids.

Participatory budgeting platforms: Citizens directly allocate local government funds, ensuring public resources are used in line with community needs.

Decentralized finance (DeFi): Peer-to-peer lending and borrowing platforms, bypassing traditional banks and offering greater financial autonomy for individuals.

Harnessing the Power of the Tide:

Embrace collaborative models: Participate in co-ops, community projects, and initiatives that empower collective ownership and decision-making.

Support ethical technology: Advocate for blockchain platforms and applications that prioritize user privacy, security, and equitable access.

Develop your tech skills: Learn about blockchain, cryptocurrencies, and other decentralized technologies to navigate the future landscape.

Engage in your community: Participate in local decision-making processes, champion sustainable solutions, and build solidarity with others.

Stay informed and adaptable: Embrace lifelong learning and critical thinking to navigate the evolving social and economic landscape.

Pluto in Aquarius presents a unique opportunity to reimagine power structures, ownership models, and how we interact with each other. By embracing decentralization and democratization, we can create a future where individuals and communities thrive, fostering a more equitable and sustainable world for all. Remember, the power lies within our collective hands – let's use it wisely to shape a brighter future built on shared ownership, collaboration, and empowered communities.

Focus on collective prosperity

Universal basic income, resource sharing, and collaborative economic models may gain momentum. Aquarius prioritizes the good of the collective, advocating for equitable distribution of resources and opportunities. Expect a rise in social safety nets, universal basic income initiatives, and policies aimed at closing the wealth gap. Environmental health is intrinsically linked to collective prosperity. We'll see a focus on sustainable practices, green economies, and resource sharing to ensure a thriving planet for generations to come. Communities will come together to address social challenges like poverty, homelessness, and healthcare disparities, recognizing that individual success is interwoven with collective well-being. Collaborative consumption, resource sharing, and community-owned assets will gain traction, challenging traditional notions of ownership and fostering a sense of shared abundance.

Examples of Collective Prosperity in Action

Community-owned renewable energy projects: Sharing the benefits of clean energy production within communities, democratizing access and fostering environmental sustainability.

Cooperatives and worker-owned businesses: Sharing profits and decision-making within companies, leading to greater employee satisfaction and productivity.

Universal basic income initiatives: Providing individuals with a basic safety net, enabling them to pursue their passions and contribute to society in meaningful ways.

Resource sharing platforms: Platforms like carsharing or tool libraries minimizing individual ownership and maximizing resource utilization, fostering a sense of interconnectedness.

Navigating the Shift

Support social impact businesses: Choose businesses that prioritize ethical practices, environmental sustainability, and positive social impact.

Contribute to your community: Volunteer your time, skills, and resources to address local challenges and empower others.

Embrace collaboration: Seek opportunities to work together with others to create solutions for shared problems.

Redefine your own path to prosperity: Focus on activities that bring you personal fulfillment and contribute to the collective good.

Advocate for systemic change: Support policies and initiatives that promote social justice, environmental protection, and equitable distribution of resources.

Pluto in Aquarius offers a unique opportunity to reshape our definition of prosperity and build a future where everyone thrives. By embracing collective well-being, collaboration, and sustainable practices, we can create a world where abundance flows freely, enriching not just individuals, but the entire fabric of society. Remember, true prosperity lies not in what we hoard, but in what we share, and by working together, we can cultivate a future where everyone has the opportunity to flourish.

[probablyasocialecologist]

Veiled by discussion of headline global trends in new renewables capacity investment is the fact that almost all the incremental progress is currently being made in one country: China. Trumpeting 2023’s 50 percent growth in annual global capacity installations as a global achievement is wrongheaded, given that China by itself delivered nearly 80 percent of the increment. And the IEA, for its part, expects China to continue to be the sole meaningful over-achiever. It recently revised upwards by 728 GW its forecast for total global renewables capacity additions in the period 2023–27. China’s share of this upward revision? Almost 90 percent. While China surges ahead, the rest of the world remains stuck. This raises a crucial question. What is different about the development of solar and wind resources in China from the rest of the world? The main answer is that in China, such development is capitalist in only a very limited sense. Certainly, the entities centrally involved in building out new solar and wind farms in China are companies. But almost all are state-owned. Take wind. Nine of the country’s top 10 wind developers are owned by the government, and such state-owned players control in excess of 95 percent of the market. Moreover, the state is far from being a passive shareholder in these companies. The companies are best seen as instruments wielded by the state in the service of achieving its industrial, geopolitical, and – increasingly – environmental objectives. The best example of this concerns the gargantuan ‘clean energy bases’ first announced by President Xi Jinping in 2021. To be built mainly in the Gobi and other desert areas by 2030, these new bases will have a combined capacity of in excess of 550 GW – more than Europe’s total solar and wind capacity at the time of this writing. Such development is as far from ‘capitalist’ as is imaginable. This is the state, in its most centralized and authoritative form mustering whatever resources it needs at its disposal to ensure that it delivers what it has said it will deliver. Add to this the fact that the banks financing all the new renewables development in China are generally also state-owned and directed, and a stark reality comes into focus. This is essentially central planning in action. Does the profit motive figure? To be sure, it does. But usually only marginally, and it is ridden roughshod over whenever Beijing deems fit.