The answer to who’s missing is nearly every single asset owner and asset manager of any significance. Let me explain why. An investor friend recently sent me a three-page letter...

Last Friday I had lunch with a friend who is a board director and on the audit committee of a company that must comply with the EU’s “Corporate Sustainability Reporting...

For most Americans the answer is “Not much.” Here’s how I reach this conclusion. Last weekend I read the report “Politics Without Winners CAN EITHER PARTY BUILD A MAJORITY...

Investment Thesis Demand for copper is going to increase dramatically between now and 2050 in order to achieve the needed energy transition. There is more than enough copper in...

Last month the Institute of International Finance (IIF) published a very thoughtful staff paper titled “Resetting the Debate on the Role of Private Finance in the NZ Transition.”...

Support for nuclear power is continuing to grow as more people recognize that it is a source of dependable, emissions-free energy. Recently, 14 of the world’s largest...

For the past few years I have been following, writing about, and participating in the “ESG Culture Wars” in the U.S. There has been a great deal of performative activity on both...

It’s been a big year for nuclear energy in the U.S. The Department of Energy has allocated a large amount of capital to nuclear energy research and has committed $900 million to...

This Spring I attended a private conference on the energy transition that was hosted by a major bank. There I learned more about small modular reactors (SMRs). This is a...

Every big enterprise needs to talk about climate change. Even in the absence of final U.S. rules requiring disclosures (if they ever happen), Deloitte found that a full 97% of...

In March 2022 at the fifth session of the UN Environmental Assembly, 175 nations passed Resolution 5/14 to develop an international legally binding instrument on plastic...

Summary It’s been a rough few years for ESG—the popular shorthand for measuring and managing a company’s environmental, social, and governance performance. Critics on the...

The California Public Employees’ Retirement System (CalPERS) has 2.2 million members and assets of around $510 billion. It is the largest state pension fund in the U.S. On its...

The ESG Culture Wars rage on. On the investment front no asset manager has taken more incoming fire than BlackRock, the world’s largest asset management with an estimated $10.65...

For those of you convinced that the coming U.S. presidential election is make or break for limiting the damage of climate change, here’s a one question quiz. Which candidate...