#Cleantech and #ClimateChange- How corporations big and small are betting on #renewable solutions to combat climate change
Stocks mentioned: Anheuser-Busch InBev (NYSE: $BUD), Amazon (NASDAQ:$ AMZN), Ralph Lauren Corporation (NYSE: $RL), SinglePoint, Inc. (OTCQB: $SING)
Blackrock’s Chairman and CEO Larry Fink talking about climate change “I believe we are on the edge of a fundamental reshaping of finance.”
Point Roberts WA, Delta BC, January 17, 2020, – Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks issues a snapshot looking at the growing momentum within corporations to move to renewable energy solutions.
Read this article featuring $BUD $AMZN $RL and $SING in full at https://www.investorideas.com/news/2020/cleantech-climatechange/01171RenewableSolutions-BUD-AMZN-RL-SING.asp
We are reaching a turning point in climate change awareness and acceptance in the biggest of ways. Recently, big money began talking about it and creating change in the way they do business.
Blackrock’s Chairman and CEO Larry Fink, in a letter to CEO’s said, “Climate change has become a defining factor in companies’ long-term prospects. Last September, when millions of people took to the streets to demand action on climate change, many of them emphasized the significant and lasting impact that it will have on economic growth and prosperity – a risk that markets to date have been slower to reflect. But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance.”
He also went on to say, “While government must lead the way in this transition, companies and investors also have a meaningful role to play.”
BlackRock is an American multinational investment management corporation and is the largest money-management firm in the world with more than $6.5 trillion in assets under management.
Reacting to the letter, Sierra Club campaign representative Ben Cushing said, “Blackrock’s announcement today is a major step in the right direction and a testament to the power of public pressure calling for climate action.”
But as we all know, it’s the smaller companies that usually have the vision and the courage to put their money in ahead of the herd. And that is what Greg Lambrecht, Founder and Chief Executive Officer of SinglePoint, Inc. (OTCQB: SING) and his team have always done.
In his recent letter to shareholders he said, “I started SinglePoint over 13 years ago as LifeStyle Wireless. I have been the CEO of this public entity since 2011, working every day to increase shareholder value. Through revenue and profit we expect our share price to follow suit. I believe our acquisitions have the ability to create sustainable revenue growth and profitability.“
Discussing their Fifty One Percent interest in Direct Solar, he said, “The 2020 domestic Solar Market is showing continued signs of riding a new tailwind driven by talks of a New Green Deal. We anticipate that renewables will continue to be an important issue around the country, and plan to focus the majority of our attention on growth in the solar and renewables space. National media attention on the renewable energy opportunities should provide increased exposure which we believe will help drive the business, and revenue of Direct Solar, and hopefully increase our market cap and shareholder value. We are not alone in our belief in the emerging renewable energy market; recently Goldman Sachs has announced a $4,000,000,000 fund for renewable energy.”
The Goldman Sachs Asset Management press release reported;
“A broad and growing range of corporations as well as governmental and educational institutions are engaging in the effort to address climate change by committing to obtain the energy they need from renewable sources. We believe Goldman Sachs can play an important role in the transition to renewable energy by partnering with clients to own and manage renewable energy projects that deliver clean energy,” said Jon Yoder, Managing Director and Head of the GSAM Renewable Power Group. “We have already been successful in deploying over $1.4 billion of capital, primarily into distributed generation solar assets here in the United States. From this foundation, we see an exciting and growing opportunity set, and we are grateful for the support of our clients and their shared vision in this important effort.”
GSAM is one of the world’s leading asset managers with more than $1 trillion in assets under supervision globally as of June 30, 2019.
But not all companies and leading CEO’s are getting marks for their policy on climate change. Amazon (NASDAQ: AMZN) employees have called on CEO Jeff Bezos and the Company to come up with a comprehensive climate change plan.
However, the push is on with organizations like the RE100, a global corporate leadership initiative bringing together influential businesses committed to 100% renewable electricity.
One of its members, Budweiser, part of Anheuser-Busch InBev (NYSE: BUD), is committed to brewing its beers using 100% renewable electricity. To show consumers when this milestone is reached in each country, a new renewable electricity symbol is added to Budweiser packaging.
Recently joining the group, global lifestyle brand Ralph Lauren Corporation (NYSE: RL) has sent goals targeting 100% renewable electricity by 2025.
So there is a growing green agenda on the corporate front, being incited by consumers and investors demanding more. Keep it up – keep demanding!
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