4) the inevitability of the carbon bubble pop. Fossil fuel companies' valuation is based on reserves of oil being used. But... if that were to happen, the results would be truly catastrophic. More and more people are realizing this, which shakes investor confidence. 6/
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4 continued) Since so much of our economy is based on fossil fuels, and a smooth transition to renewable energy seems unlikely, this seems like a big, ah, stresser. 7/
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Emily Cunningham Retweeted Emily Cunningham
And it's why I'm trying to closely follow shifts the fossil fuel to solar/wind transition. I'm an absolute novice in this subject, so trying to read and learn as much as I can - fast! Got excited about this
8/https://twitter.com/emahlee/status/1162180541577220096 …Emily Cunningham added,
Emily Cunningham @emahleeTHIS IS BIG. Fossil fuel use *could* peak before 2030. From@harrybenham_1, a 30 year Oil & Gas veteran, now in energy transition: "Ponder this a second: an energy system dominant for over 150 years is within about 4-5 years of being overthrown." THREAD https://www.dollarsperbbl.com/2019/08/09/changing-our-energy-legacy/ …Show this thread1 reply 0 retweets 1 likeShow this thread -
Emily Cunningham Retweeted Emily Cunningham
I'm also trying to follow what's happening in finance. Seems very big. Thread on how central bankers, fund managers, global investors are all sounding the alarm.
9/https://twitter.com/emahlee/status/1131794951811919874 …Emily Cunningham added,
Emily Cunningham @emahleeReplying to @PurposefulWitThe market is shifting; the carbon bubble pop is inevitable & it won't be pretty. Companies not planning for rapidly transitioning off of fossil fuels are putting themselves at risk. Central bankers, fund managers, global investors are raising the alarm. https://twitter.com/AlexSteffen/status/1120207762779099136 …1 reply 0 retweets 0 likesShow this thread -
Anywho, this thread is getting entirely too long. It's been hard to find those who are both finance experts AND understand the enormity of climate and its impacts. Most finance peeps still operate in the old paradigm that doesn't consider/ "get" climate. Merci! /end
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Replying to @emahlee
i do have a few thoughts in this but let me organize them. for one thing, for instance: action on climate-change is one thing that companies are judged on for “sustainability,” which is a hot topic in investing. Investors want sustainable companies. HOWEVER…
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…a lot of “sustainability” is just self-reported stats from companies, many of them meaningless. So companies can just say they’re sustainable without anyone really being able to check. There’s a lot more on this as well, I have some notes. Give me a couple of days! ty.
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Replying to @moorehn
Emily Cunningham Retweeted Emily Cunningham
Thanks! I became interested in this because I co-filed, along with other Amazon employees, a climate shareholder resolution (which then started a much bigger movement at Amazon). I began to think about the business / financial angle much more.https://twitter.com/emahlee/status/1074441121391042565 …
Emily Cunningham added,
Emily Cunningham @emahleeI'm one of the Amazon employees quoted in this NYT article. I want to add to@kateconger's reporting and provide more context on WHY I decided to take this action and to be so public about it. Climate change is the issue of our lifetimes. 1/X https://www.nytimes.com/2018/12/16/technology/tech-workers-company-stock-shareholder-activism.html …Show this thread2 replies 0 retweets 1 like -
Replying to @emahlee
Yes I noticed from your bio that you are passionate about this! IMO protest is excellent and it's a good thing to work from within too, bc companies often feel more obligated to stakeholders. Thinking abt it on a supply chain/logistics level is often useful to making the argument
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Replying to @moorehn
Emily Cunningham Retweeted Emily Cunningham
Yes –collective action works! Over 8,000 (mostly tech) Amazon employees signed our public letter asking Bezos for climate leadership. That # represents almost 12% of the US corporate workforce. NYT also reported on this (scroll up for link):https://twitter.com/emahlee/status/1116818334543048704 …
Emily Cunningham added,
Emily Cunningham @emahleeNow, over 6,100: "This week, more than 4,200 Amazon employees called on the company to rethink how it addresses and contributes to a warming planet. The action is the largest employee-driven movement on climate change to take place in the influential tech industry.: -@KYWeiseShow this thread1 reply 0 retweets 0 likes
Emily Cunningham Retweeted NowThis
Here's me calling out Bezos while introducing our shareholder at the shareholder meeting. It was very intense. Some people were crying in the audience. Video shows how much I was shaking - I WAS VERY SCAREDhttps://twitter.com/nowthisnews/status/1132036801328238593 …
Emily Cunningham added,
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