#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!
To learn more about the sector
tune- in to the Cleantech and Climate Change
Podcast at Investorideas.com
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