Capacity markets will not improve ERCOT’s capacity or reliability; a capacity market’s inherent inefficiencies and artificial incentives cannot compete with the energy-only market, making it a bad bargain for Texas ratepayers.
The end of ESG? BlackRock admits adverse effects in SEC filing
BlackRock’s penchant for ESG is already coming back to bite it in the behind. In its annual filing with the Securities and Exchange Commission, the financial behemoth openly admitted its ESG activism poses a serious risk to its business. In the company’s words, the House of Cards could tumble “if BlackRock is not able to successfully manage...