Following my recent blog posts on Reid Hoffman, COP21, and an apparent resurgence of Big Ideas in technology, a growing group of venture capitalists are resurrecting their original mission in industry and the economy. Paul Krugman of the New York Times has also noticed and offers his hope that this trend continues. Max Marmer, who wrote his now legendary 2012 Harvard Business Review article, “Reversing the Decline in Big Ideas,” has stimulated a broad rethinking on what we should be focusing. The successful landing of Space X’s Falcon 9 is a hopeful early indication that Elon Musk is one of those on the right track.
Le Bourget airport just north of Paris is the place where Charles Lindbergh landed the Spirit of St. Louis. That event 88 years ago could now be interpreted as foreshadowing the era of globalization. Tomorrow, the world’s nations will meet there under the banner of the UN Framework on Climate Change (UNFCCC). COP21, also known as the 2015 Paris Climate Conference, will, for the first time in over 20 years of UN negotiations, aim to achieve a legally binding and universal agreement on climate, with the aim of keeping global warming below 2°C.
The University of British Columbia is following the lead of faculty and students at Harvard University, the University of California, Stanford University and many other universities across North America. Also of note, Norway’s sovereign investment fund, the largest in the World @ $1.3 Trillion, has already made the decision to divest. The current fossil fuel market collapse and likely long term instability is prima facie evidence of the need for divestment, and to prevent further increases in carbon emissions.
Norway’s Government Pension Fund Global (GPFG), worth $850bn (£556bn) and founded on the nation’s oil and gas wealth, revealed a total of 114 companies had been dumped on environmental and climate grounds in its first report on responsible investing, released on Thursday. The companies divested also include tar sands producers, cement makers and gold miners.
As part of a fast-growing campaign, over $50bn in fossil fuel company stocks have been divested by 180 organisations on the basis that their business models are incompatible with the pledge by the world’s governments to tackle global warming. But the GPFG is the highest profile institution to divest to date.
This is another post in my Industry Analysis series on the Alberta Bitumen Bubble and The Canadian Economy, and Canada’s strategic options. In a clear sign that the Harper government’s anxiety over the tars sands is increasing exponentially, the rhetoric from the Conservative government has become ever more shrill and less rational in tone. Rumors have abounded for some time that Harper himself is in fervent denial of climate change, but his PR handlers have cautioned him not to personally come “out of the proverbial closet” on climate change because it would cost Conservatives votes, the thing they care most about. But this stance appears to be changing, as Canada’s “natural resource curse”, consequent economic downturn, Canada’s failure to invest in innovation, and national productivity crisis converge on the Harper government. An ominous parallel can be drawn with South African President Thabo Mbeki’s official denial that HIV did not cause AIDS, which became an international embarrassment for South Africa. implications for all Canadians are immense.
Celebrate Earth Hour tonight @ 8:30PM. Turn off all lights for one hour.
Megastorm Sandy caught everyone offguard. More importantly, it has reignited the debate about human caused…
Yesterday, New York City‘s Sustainability Office put out this video to graphically visualize the reality…
We are waiting to see how Harper‘s $400M very modest gesture to Canadian innovation will…