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Share to Twitter Share to Linkedin In November, I wrote that fossil fuel subsidies worth $700 billion are stalling the energy transition. Many readers emailed me asking for specific examples of these subsidies. Others pointed out that $700 billion is a low estimate because it doesn’t account for the related health and environmental costs that are borne by the general public. Because you asked, let’s examine in more detail how your tax dollars give oil, gas and coal an unfair edge over clean energy. In addition, let’s consider why these subsidies persist despite their astronomical cost to taxpayers and victims of climate change. What Counts as a Subsidy? To recap, my team and I found that the 1,801 largest publicly traded oil, gas and coal companies worldwide earned net profits worth $500 billion USD in 2013 yet received direct subsidies worth $700 billion. This is a moderate estimate. On the low end of the scale is the latest estimate from the … [Read more...] about Yes, Fossil Fuel Subsidies Are Real, Destructive And Protected By Lobbying

Share to Twitter Share to Linkedin Since 1800, worldwide consumption of fossil fuels has increased 1,300-fold . Access to this cheap energy has lifted people out of poverty and catalyzed economic growth, wealth creation and healthier living environments . So, the fossil fuel industry must be remarkably profitable, right? After all, if renewables like solar and wind were competitive in a free market, would we not have switched over by now? Wouldn’t the top of the Forbes Global 2000 be stacked with clean energy companies instead of oil and gas giants? It sounds reasonable that market forces make fossil fuels our energy source of choice. The reality is quite different, however. Oil and gas companies are better at procuring government subsidies than generating profits. That has led investors to overestimate the fossil fuel industry while leaving clean energy innovations underfunded. It seems like we give companies important to the energy transition “just … [Read more...] about Fossil Fuel Subsidies And Impact Greenwashing Are Stalling The Energy Transition

Over the past two days, I must have had 20 conversations with people anxious about the impacts of AI on their work and livelihoods. Of course, I might have been seeking out those conversations because, as an academic and contributor to several business publications, I am also anxious! Creators, artists, coaches, programmers, doctors, writers, experts, and thought leaders are grappling with the implications of generative AI such as ChatGPT , DALL-E , and other advanced AI products on their jobs, passions, and income. On the one hand, it may seem like a dream come true. You can benefit from AI helping you work faster. Perhaps, better. On the other hand: So does everyone else and their hamster. Especially since it seems that anyone can look like an expert and creator with the help of AI. It can, after all, write a job application good enough to be short-listed, pass portions of the U.S. medical licensing exam and the bar exam , produce code , text, and sellable art … [Read more...] about Does ChatGPT mean the end of ‘thought leaders’?

Share to Twitter Share to Linkedin Group Chief Executive at Kin + Carta Europe , delivering end-to-end digital services for the world’s leading businesses. What are CEOs for? For me, our main role is to feed, drive and energize a team. This is often best done in person and in small doses, although it can be almost as effective remotely. It’s a question of how you can be ‘with the people’ when and wherever they need you. CEOs are experienced hybrid workers. In most organizations, whether they're global or have a few offices in one country, the CEO cannot be in the same place as their entire team at the same time. In many ways, our working lives haven’t necessarily changed that much post-pandemic. At a time when teams are often split between home and office, we need to make the most of every interaction we have with our colleagues. This has meant dialing up the need to be more considerate and open to listening—whatever the conversation, … [Read more...] about How CEOs Can Bring Out Their Human Side In A Hybrid World

Share to Twitter Share to Linkedin Luke Battiloro is the founder of Vavoom Vodka, CEO of I Choose To Live, and a serial entrepreneur, neurohacker and genius brand creator. I have been approached by multiple investors interested in buying—or at the minimum, investing in—my brand Vavoom Vodka. “If you asked me a few years ago if I would have a company worth this much, I may have been hesitant to say yes,” I tell investors. Truth be told, this company has been my passion project. My goal was to empower women through the statuesque pose of the woman on the vodka bottle reaching overhead, which could be considered a power posture. While the overwhelming offers kept coming in, I had to think to myself, “Am I done with my dream of empowering women everywhere?” Here's how you can answer the question of whether it's time to sell your own business. Emotional And Psychological Signs I would say it's time to sell your company when you do not wake … [Read more...] about What To Consider If You’re Thinking About Selling Your Company

Share to Twitter Share to Linkedin Active listening is a skill that needs to be cultivated to be an effective leader, and often, employees can be your best source of inspiration for this. They know the day-to-day concerns of the company and can offer unique, valuable insights and perspectives. However, leaders tend to be pulled in many different directions each day. They often feel they need to make quick, executive decisions without consulting others, sometimes to the detriment of the business. Here, a panel of Forbes Business Council members share their best tips for managers who want to improve their active listening skills to create a more comfortable, successful business environment. 1. Follow Up On Feedback Aside from common active listening practices such as paying attention to nonverbal cues and uninterrupted communication, it all comes down to action. An employee is only ever truly heard when their thoughts are put to practical use and … [Read more...] about 15 Key Tips For Developing Active Listening Skills As A Leader

Share to Twitter Share to Linkedin Anna Belova, Founder & CEO of DEVAR , a Phygital Company. Forbes Under 30. Tech Entrepreneur. Expert in AR and Metaverse. It is relentless and inevitable that our world will change. These changes can please us, scare us, inspire us and surprise us. But they will still happen no matter our reaction. For change is like the elements—that is, it's not subject to human will. Take books, for example. The earliest complete printed book was published in 868. Since then, more than a thousand years have passed, but the essence and purpose of books have not changed. Famous Argentine poet and novelist Jorge Luis Borges was convinced that "books will never disappear. It is impossible for it to happen. Of all man's diverse tools, undoubtedly the most astounding are his books." But is this statement true now in the era of the metaverse, digital realities and artificial intelligence? Let's try to find out. … [Read more...] about How Will The Metaverse Change The Publishing Market?

Share to Twitter Share to Linkedin Momentum is growing behind a bill in Congress to do what we’ve been arguing for in this column for close to two years, i.e. banning Chinese social media app TikTok. It’s the app that some term China’s “Trojan horse” for inserting Beijing’s control over U.S. user’s data and hearts and minds. At the same time, China’s other social media Trojan Horse, WeChat, and its parent company Tencent, have been getting a lot less attention. When the Trump administration banned TikTok from U.S. markets in 2020—a ban which a federal judge blocked and then the Biden administration reversed—the executive order included another Chinese social media app, WeChat. While not as psychologically menacing as the TikTok app with its invasive ByteDance algorithms, WeChat may pose an even greater danger from the angle that alarmed government officials from the very start, as an app that gives the Chinese government direct access to user data in the US. … [Read more...] about WeChat: China’s Other Trojan Horse

Share to Twitter Share to Linkedin When founder Kerry Fitzmaurice was preparing to open Pure Grit BBQ, her plant-based BBQ and fast-casual eatery in New York City in the spring of 2019, the proliferation of COVID stopped her in her tracks and delayed its debut. After she spent a year researching the menu, conducting market research, and refining her cooking and smoking expertise, she decided to maintain her momentum by bottling its sauces and rubs to get it off the ground. She turned to Hell’s Kitchen Hot Sauce, a bottler, to help produce it. The sauces are still on sale at the restaurant and produce about 10% of its overall revenue. That launch boosted Pure Grit BBQ’s brand name after articles appeared in The New York Times, Harpers Bazaar and the lifestyle company GOOP. Fitzmaurice raised the capital to open its retail location in May 17, 2023 from one main friend from elementary school in Greenwich, Ct and tapping her own funds. She also brought … [Read more...] about Vegan Pure Grit BBQ Opens In New York City After A Four-Year Delay

Share to Twitter Share to Linkedin Wondering whether your Congressperson is actually doing a good job? Is there some type of metric besides number of times the Congressperson tweeted expressions of outrage and used ALL CAPS? Well, it could help to see what’s really happening with the health of people in your Congressional District. After all, improving the lives of people in the district is kind of what a House of Representatives person is supposed to do, right? Say, for example, more people in your District are binge drinking than any other District. You may, in turn, be inclined to tell your Congressperson, “Maybe it’s time to bottle up the rhetoric and figure out what’s going on here” That’s why the new Congressional District Health Dashboard (CDHD) , just launched by a team from the New York University (NYU) Grossman School of Medicine in partnership with the Robert Wood Johnson Foundation, can be a useful tool to help separate out the Congresspersons … [Read more...] about New Dashboard Shows Key Health Measures In Each Of 435 Congressional Districts