Louisiana will liquidate its investments with BlackRock, totaling $794 million, in order to "protect" the state's Treasury funds "from ESG," according to a letter to the investment manager released by State Treasurer John Schroder. According to a statement from the Treasury, the divestment comes in response to reports that "BlackRock has urged companies to embrace...

Few bitcoin projects illustrate the cryptocurrency's enormous climate impact better than the Greenidge power plant in upstate New York. The once-abandoned power plant was bought by private equity firm Atlas Holdings and retasked. A significant portion of Greenidge's electricity no longer powers nearby homes or businesses; rather, the plant's smokestacks are increasingly pouring pollutants into the atmosphere in the service of mining bitcoin.