When Goldman Sachs and billionaire Paul Tudor Jones announced a partnership three months ago to help socially conscious investors support “just business behavior”, they promised that their new index fund would generate solid returns for savers while directing their investment dollars towards truly humane companies. “Capitalism should be a positive force for change,” said Jones in a press release announcing the fund, which is designed to track an index of socially responsible companies identified by his non-profit Just Capital. “Its future will be driven by a new definition of corporate success that is aligned with the values and priorities of the public.” The partnership comes as pension funds, university endowments and other institutional investors increasingly seek to put their financial weight behind ethical and sustainable corporate behavior. So far, the rebrand seems to be working: the Just fund debuted in June to rave reviews from the financial … [Read more...] about Is Goldman Sachs’ new fund really just greenwashing stocks?
Global carbon dioxide emissions will rise to historic levels in 2018, according to a study released Wednesday in conjunction with the COP24 climate conference in Katowice, Poland. The news marked the second year of increases after a relative lull from 2014 to 2016. The Global Carbon Budget 2018, released by the Global Carbon Project, found that the widespread use of coal — as well as more cars and trucks being out on the streets — are behind the uptick in carbon emissions. Rising carbon dioxide levels are "pushed up mainly by coal use, but also by rising oil use in transport," lead researcher Corinne Le Quere of the University of East Anglia in England told DW. "Almost all countries are contributing to the rise, either by rising themselves or by decreasing less than expected." Watch video 11:35 Share UN Climate Change Urges Action Now Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine … [Read more...] about CO2 emissions to hit historic highs in 2018
A prominent Turkish opposition leader has caused alarm by calling for a repeat invasion of Cyprus, using the code phrase Ankara’s army deployed to launch an assault on the island 44 years ago. Amid rising tensions over a push to exploit potential oil and gas reserves in the eastern Mediterranean, Meral Akşener, who heads the İyi (Good) party, upped the ante, predicting the issue would be cause for war. “You should know that if need be ‘Ayşe will go on holiday again’,” warned the nationalist politician, who ran for president against Recep Tayyip Erdoğan earlier this year and was nicknamed the “she wolf”. “Cyprus is Turkish and will remain Turkish,” she said to rapturous applause in an address before Ankara’s parliament. Exploration for hydrocarbons by international companies commissioned by divided Cyprus’s Greek-run south amounted to “imperialist activity” aimed at Turkey, the opposition … [Read more...] about ‘Ayşe will go on holiday again’: Cyprus invasion talk returns to Turkey