this post was submitted on 23 Aug 2023
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Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.

As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades: Graph of temperature as observed with significant warming, and simulated without added greenhouse gases and other anthropogentic changes, which shows no significant warming

How much each change to the atmosphere has warmed the world: IPCC AR6 Figure 2 - Thee bar charts: first chart: how much each gas has warmed the world. About 1C of total warming. Second chart: about 1.5C of total warming from well-mixed greenhouse gases, offset by 0.4C of cooling from aerosols and negligible influence from changes to solar output, volcanoes, and internal variability. Third chart: about 1.25C of warming from CO2, 0.5C from methane, and a bunch more in small quantities from other gases. About 0.5C of cooling with large error bars from SO2.

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BlackRock’s support for climate and social resolutions falls sharply | Financial Times (www.ft.com)
submitted 1 year ago by silence7 to c/climate
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I'll note that they recently appointed the head of the Saudi national oil company to their board

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[–] pizzaiolo -1 points 1 year ago (1 children)

It'll happen with or without BlackRock.

[–] MrMakabar 4 points 1 year ago (1 children)

BlackRock is the largest owner of 330 of the S&P500 companies. Similar story for most other markets. So them pushing a somewhat green agenda is actually a big deal and very usefull.

[–] RoboGroMo 2 points 1 year ago (2 children)

i can't remember the details because i'm poor but they manage other peoples money so a lot of people who care about the environment have money in a 401k or something which means blackrock control the shares they own and vote in shareholder meetings for whatever's best for rich people - there's a way to be more proactive by registering your ownership yourself but i have no idea what it involves.

[–] currentbias@open-source-eschaton.net 1 points 1 year ago* (last edited 1 year ago) (1 children)
[–] MrMakabar 2 points 1 year ago

That takes the voting rights from the broker, but BlackRock mainly operates fonds. You can not get voting rights from your iShares unfortunatly.

[–] MrMakabar 1 points 1 year ago

Kind of. BlackRock operates fonds namely iShares ETFs and also manages investments from other large institutions. That is how they get all those voting rights. Directly registering your shares is necessary so your broker does not exercise your votes. However BlackRock is not a broker, but manages money.