Coca-Cola & Nike Support Climate Change Action

Saturday, February 15, 2014 (Listed under Environment)

Last month, Coca-Cola and Nike linked the impacts of a dangerously warming planet, particularly long-term droughts and record-breaking flooding, with the disruption of their natural resource and material supply chains. With both companies now publicly supporting regulations aimed at curbing the use of fossil fuels and the funding of clean energy infrastructure, it's not unrealistic to expect that the market valuation for oil, coal, and natural gas businesses will be impacted. Last summer, former Reagan-Era SEC Chairman, Bevis Longstreth predicted the decline of the fossil fuel industry. And this month, legendary hedge fund manager, Jeremy Grantham, who oversees a $117 billion Boston-based portfolio, warned his clients that the risks of investing in fossil fuels are mounting.



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