You’ll notice that I don’t use the expression “believe” in reference to climate change, because climate change is an actual, real thing that has been taking place for decades, at minimum. One doesn’t “believe” or “not believe” in it any more than one would believe or not believe in the reality of our blue sky. One only has to either acknowledge it’s reality, or refuse to do so and pretend that what’s real isn’t real. One can say “they sky is green” all they want, but it makes no difference to the sky.
Enter Larry Fink, the Chairman and CEO of the world’s largest asset manager, BlackRock. He just put out a letter to all his CEO pals stating that they’d better get their shit together when it comes to their approach (or lack thereof) to the reality of climate change.
Now, for the sake of managing expectations, we should be clear that this will not be an overnight matter. Just putting this new requirement into action will probably take at least a couple of years. Also, BlackRock is primarily a passive investor. Only 25% of their assets are actively managed. However, this is a significant shot across the bow and corporations have to take this letter seriously, if for no other reason than there is money to be made, or lost, based on how they behave from this point forward.
I, for one, despise this idea that we need billionaires to save us (sit the fuck down, Tom and Mike), but if even these guys are willing to actually put their money on the line to force real changes, then you know changes will be made. I’ll take this over perpetual Republican obstruction, and perpetual Democratic chickenshitness, any day.