In 1918 much of the world was as rural as it was during the Renaissance. Today, roughly 54 percent of global population lives in an urban area.

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Pangolin: Chinese delicacy known for its subtle taste and ability to destroy the global economy.

A species jump occurs when a pathogen gets transferred from one species to another. The coronavirus likely made such a jump from pangolins or some other wild animal that the Chinese eat or let freely roam in their food markets. The coronavirus is now making its second species jump, this time

from humans to the credit markets. Human-to-Credit While the daily point swings in the Dow Jones Industrial Average and S&P 500 Index make headlines, the real damage will be done in the credit markets. Patient zero in credit is the shale oil and gas producers. The Russian and Saudi…

Many ESG funds and ETFs are merely closet index funds, gussied up in ESG raiment.

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You don't need a Weatherman to know which way the climate blows.

In the first two posts of my Climate War series, I introduced the idea of a massive global mobilization to address climate change (thus the war analogy) and used the oil industry as an example of how large swaths of the current economy will be left behind. In this

post, I will examine another inconvenient truth, ESG investing has been ineffective. $30+ Trillion in ESG? According to the Global Sustainable Investment Review (“GSIR”) 2018 Review, ESG assets stood at $30.7 trillion at the start of 2018.[1]  If true, that would put ESG assets around 38 percent of all investment assets. …

Ask any millennial how they think about food, energy, transportation, and climate change, and you'll get a sense of the change that's coming.

This month, Bantam has joined some of the world's most respected and successful companies, including: Ben & Jerry's;Kickstarter;Danone;Eileen Fisher;Stonyfield Organic;Patagonia;Warby Parker;method, and;seventh generation. Like these world-class firms, Bantam is now a Certified B Corporation®. Chart 1:  B Corporation Brands You Know and Love[1] B Corporations meet the highest standards of overall social and environmental performance,

transparency, and legal accountability, and aspire to use the power of business to solve social and environmental problems. The B Corporation certification process is very rigorous and it has taken over two and a half years for Bantam to become certified.  This process involves scoring…

The energy sector, as currently composed, is heading for collapse within a decade.

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Ironically, fossil fuel companies will become sources of funds for the new energy future.

In the first post of this series, I introduced the idea of the Climate War.  Here I want to use the oil industry to illustrate how a whole industry will be left behind as the world shifts into the third industrial revolution.  (The first industrial revolution was powered by coal, the second

by oil, and the third will be powered by renewables.[1]) Clearly the oil industry will be with us for a few more decades, but all the growth will be stripped out of it.  This can be seen in the car market over the past few years.  Internal combustion…

The “reallocation of capital” that Fink writes about will not be smooth or pleasant. It will amount to a phase shift and many firms will not be able to make the leap.

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BlackRock joins the Climate War.

This post is the first in a series exploring the implications of what I call the “Climate War”.  I use the war analogy because nothing has paralleled the ability of war to mobilize humanity. I believe that within a year or two the entire world will be in the Climate War. In

many ways, the war has already started (the mobilization has not).  In this war there will be no Switzerlands.  That is, neutrality will not be possible.  Every person, community, company, and country will be in it, whether they want to or not. In this war, humanity faces an…