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'Striking' Report Reveals US Asset Managers 'Overwhelmingly' Stalling Corporate Action on Climate Crisis

Originally published at http://www.commondreams.org/news/2019/11/04/striking-report-reveals-us-asset-managers-overwhelmingly-stalling-corporate-action

These people who make their livelihoods by “owning” pieces of financial paper (now represented by magnetized spots on a hard disk somewhere, or today by the state of a transistor in a solid state drive), assets that really could become “worthless paper” (George II) overnight, work on a very short time horizon. Given the millions of motorists in this country who see no farther down the road than their hood ornaments (now mostly imaginary), we should not be surprised. In shortness of vision and attention span, we really ARE “Number One.”