Banpu Power Public Company Limited, or BPP, an international quality power generating company committed to delivering sustainable energy, has closed its purchase of CXA Temple 2 Holdco, LLC, the entity that owned the 755 MW Temple II gas-fired power
Big Oil, meet big divestment
Sunset for the oil industry? Image courtesy Laura Upshaw/Pixabay
Editor’s note: This story was originally published by the HuffPost
. It appears here as part of the Climate Desk collaboration.
New York State announced plans earlier in December to eject oil and gas stocks from its $226 billion financial portfolio, becoming the first US state and the biggest pension fund anywhere to divest from fossil fuels.
By 2025, the New York State Common Retirement Fund, which disburses some $1 billion in benefits to retirees each year, will sell off its “riskiest” oil and gas stocks, following a review. The state aims to completely eliminate carbon polluters from its portfolio by 2040.
no explanation there on whether there were representing the company or the government or both. and this family affair week is the week that trump told folded, canceled his promised announcement to explain his conflicts of interest plan. the apparent strategy is to change the subject and hope with no conflicts announcement, there would be no coverage. well, we will continue to report on this and the conflicts of interest that face him and his family regardless of canceled press conferences or any angry tweets loomg the way. joining me now to dig into the story, perry bacon. it s not often that donald trump runs away from a press event. clearly he thought he would be ready for this, thought he wasn t, and figures we ll just drop the story. this was a big event this week, ari. the fact that he scheduled this press conference, which was supposed to address the issue we had for the last month, which is, how are they going to separate the business from the presidency. he cancels it. he mak
runner-up presidency, which digs into that very issue. and presidential historian, professor allan lichtman from american university, who is famous for doing something the media failed to do, which was see the trump victory coming. congratulations to you on that. your knowledge and foresight, we ll get into that in a sec. but mark, let me start with you. this is something that keeps happening. the trump folks say, look, if you change the rules of the game, they would have had a different strategy, they had the better, smarter strategy. but in your view throughout history, does this kind of situation ever hobble the incoming administration? yes, it s hard to say you have a mandate if more people voted against you than for you. we can t pretend to be a democracy if the losing candidate wins the presidency twice in 16 years. no one is questioning trump s legitimacy or his right to move into the white house, but he does not have a mandate. the pushback to your point,