Bitcoin’s Big Climate Footprint

Bitcoin’s Big Climate Footprint

CNBC Anchor Andrew Ross Sorkin, who also writes for the NY Times, was out yesterday with a thought-provoking piece about the huge amount of carbon emitted due to energy-intensive Bitcoin “mining.”  Studies show that Bitcoin’s business has a bigger carbon footprint than countries like, say, Argentina or New Zealand.  That’s not chump change when it […]

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Treasury Department Proposes Rule Aimed At Banks That Refuse To Lend For Arctic Drilling

Treasury Department Proposes Rule Aimed At Banks That Refuse To Lend For Arctic Drilling

On Friday, the Treasury Department proposed a rule that states that “decisions by banks to not serve a specific customer should be based on individual risks, rather than a categorical exclusion.” according to The Hill.

Why This Matters:  This kind of government mandate overriding the free market smacks of, well, socialism or cronyism or both. And while oil ad gas companies are now hurting, they’ve reaped billions from our dependence on oil and gas for fuel. 

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Energy Secretary Takes a Swipe at Big Banks That Won’t Invest In Arctic Drilling

Energy Secretary Takes a Swipe at Big Banks That Won’t Invest In Arctic Drilling

The Secretary of Energy stunningly accused the major financial institutions that refuse to now invest in Arctic oil and gas exploration of discrimination against the oil and gas industry and likened the decision to the banks’ refusal in the past to make loans to minorities.

Why This Matters:  Arctic drilling has been fought due to its environmental toll since the 1960s,  In 1980, Congress decreed that no exploratory drilling or production could occur without further congressional action — and it stayed that way until President Trump demanded authority to lease the land for drilling, despite the ample domestic supply of oil and gas.

 

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Big Banks Reveal What They Really Want at Davos and it Might Surprise You

Big Banks Reveal What They Really Want at Davos and it Might Surprise You

by Miro Korenha, co-founder and publisher of Our Daily Planet As the World Economic Forum (WEF) kicked off this past week in Davos, Switzerland, there was a lot of promise that maybe this would finally be the year where business leaders wholeheartedly stood up for climate action. But aside from CEOs cringing at Donald Trump’s […]

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Interview of the Week: Andrei Cherny

Interview of the Week: Andrei Cherny

Andrei Cherny is the founder and CEO of the online bank Aspiration. As CNN reported, “Aspiration is specifically marketing itself as an alternative to dissatisfied Wells Fargo customers. The California startup has a website urging customers to “switch banks from Wells Fargo” to save money and be with a lender they can trust. Unlike Wells […]

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