A group of financial firms at the COP26 climate summit on Wednesday pledged $130 trillion to facilitate the transition toward a sustainable global economy — the latest in a string of commitments made by business officials in recent days.
But hedge fund billionaire Tom Steyer says the private sector must also reckon with the role capitalism has played in pushing the world to the “brink of climate disaster” in the first place.
A different, mission-oriented version of capitalism can drive…
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