"Not everything that is faced can be changed, but nothing can be changed until it is faced." — James Baldwin
Global clean power growth points to permanent shift
www.ft.com/content/d525...
Cowardice is a bad ‘strategy’. Do your job.
“some companies, particularly in the US, have become less willing to put their heads above the parapet and discuss sustainability…actions haven’t changed…climate change…remains a financially material risk”
www.ft.com/content/1dd5...
😳
Ignore the noise, especially the idiot noise. Do the work.
“Despite partisan rhetoric, [solar] is booming: solar and battery storage accounted for 79% of power generation in 2025 and are expected to continue to grow by 49% before the end of 2027”
grist.org/energy/solar...
Here is the one form of risk management that never works: pretending. Stop pretending. Act on what risks are staring you right in the face now, today.
“Risk management must evolve to remain fit for purpose”
t.co/sOQwx76qUb?s...
“The stock market’s new approach to valuation: Earnings Before Iran, Tariffs and Dubious Announcements”
Related, read @andrewrsorkin.bsky.social’s great ‘1929’. More than doomed to repeat history we don’t learn from, we now seem to crave this very doom.
www.ft.com/content/7227...
The numbers below, while large, are likely understating these costs. @climateeconomics.bsky.social sent me this as a better, more accurate analysis: “Climate change has already made the United States poorer”
www.pnas.org/doi/10.1073/...
Good point …
All the tech bro-ey made-up bullsh*t failed. Maybe now we can get to the actual, real work instead?
“Three Time-to-Power Strategies that Failed in 2025”
chrisgillett.org/three-failed...
Household climate costs are vast and growing: the average US household is paying $900/year in climate costs which is $110 billion/year, or approximately what the US government spends annually on transportation (highways and infrastructure).
www.wbur.org/cognoscenti/...
US’s economic exceptionalism was based on massive cost of capital advantages built on a 250 year commitment to the idea of the rule of law, and the civil liberties underlying that commitment. Trump is destroying all of this. Investors must re-price.
www.ft.com/content/ad21...
As climate challenges worsen, solutions get better — including solutions that exist right now, today. All that remains is to choose to win in the future vs choosing to lose to the past.
Deploy, deploy, deploy.
Imagine where the U.S. would be if it didn’t (technical term coming alert) have its head up its ass on these topics.
The energy transition summarized:
Fight facts, ignore them, berate them, get all cultish and stupid about them … whatever, it doesn’t matter: facts don’t care about your feelings. Faster better cheaper wins. Slower worse more expensive loses.
www.scmp.com/news/china/s...
Turn data centers into grid assets vs grid liabilities in exchange for speed to power and everyone wins. Do none of this and everyone loses. Currently, we are choosing to be on an everyone loses track. We don’t have to be. Excellent proposals here:
statesforum.substack.com/p/states-can...
There is signal, strong signal, somewhere in the noise of biodiversity and investment returns. No one has found it yet? Thoughtful paper here: “Return to Nature: Biodiversity Loss and Global Stock Returns by Marloes Hagens, Mathijs A. van Dijk :: SSRN”
papers.ssrn.com/sol3/papers....
‘Externalities’ is a lazy and corrupt concept: we choose some costs to be too complex to quantify or attribute so that those costs can be dumped off of company financial statements, where they belong. Worse, we do this while pretending, wrongly, this is how capitalism works.
Externalities will be internalized.
“Judge Dismisses Trump Administration’s Bid to Block Hawaii Climate Lawsuit”
insideclimatenews.org/news/1704202...
I enjoy being critical of developing trends too 😉
I hear you, I worry about all of that too. I was skeptical — these were created for me, by folks marketing a conference I was keynoting. I tried them as an experiment. Surprisingly, to me, they were well received and have continued to be ... we’ll see. Thx for sharing
Impact weight all risk analysis. Act on that analysis. Or, get crushed by all you are ignoring and by those doing your job better than you are.
Your choice.
“A vital system of Atlantic Ocean currents is weakening and closer to collapse than thought”
www.cnn.com/2026/04/16/c...
The question answers itself: No.
“Is Our 20th-Century Grid Up to the Current Task?: The fundamental technologies and regulations have changed little over the past century, but the innovations of recent decades are upending that stable relationship.”
knowledgeproblem.substack.com/p/is-our-20t...
Super informative, spicy, and fun conversation on hard topics: “Jensen Huang – TPU competition, why we should sell chips to China, & Nvidia’s supply chain moat”
podcasts.apple.com/us/podcast/d...
This isn’t about corporate morality, it’s more about lazy finance dependence on ‘externalities’ finally coming to an end. The societal damage you cause as a function of your operations, whether carbon damage or financing terrorism, will be internalized.
www.nytimes.com/2026/04/17/o...
I spend my days with 3 types of impact investors and companies
(1) Says not doing impact: Doesn’t matter, impact is doing you
(2) Says doing impact risk assessment: Good, but not enough
(3) Driving, embedded within each other, social and financial impact: Great, how to scale?
US’s economic exceptionalism was based on massive cost of capital advantages built on a 250 year commitment to the idea of the rule of law, and the civil liberties underlying that commitment. Trump is destroying all of this. Investors must re-price.
www.ft.com/content/ad21...
Guernica has always been shocking and upsetting because of who ‘made it’: in occupied Paris, a Gestapo officer pointed at a photo of Guernica in Picasso’s apartment, asking: ‘Did you do that?’ ‘No,’ Picasso replied, ‘you did’
t.co/1Yz9yUOLOn?s...
“The macroeconomic case for investing in climate adaptation: Economic metrics indicate substantial returns on adaptation investment, with median economic benefit–cost ratios of around 4:1 and economic internal rates of return of around 25%.”
www.lse.ac.uk/granthaminst...
“Risk Data Gap Will Bleed Onto Balance Sheets: the market has not priced the balance sheet risk of losing the data foundations of private market catastrophe models as a result of Trump cuts”
www.riskmarketnews.com/trisk-data-g...