Head of $1.7 Trillion Fund Sees ESG Expansion Delivering Returns
Environmental, social and governance strategies are 'evolving into sustainability, which addresses a wider range of themes,' Kazuto Uchida, president of Japan's Government Pension Investment Fund, said in an interview. 'Whether it's the environment, society or corporate governance, improving these areas ultimately leads to the growth of the global economy, and the growth of capital markets.'
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Chicago Tribune
3 hours ago
- Chicago Tribune
ComEd CEO seeks rules to prevent AI from boosting energy bills
The head of Chicago's biggest energy supplier has called for new rules to curb the impact of the artificial intelligence boom on consumers' electricity bills. Commonwealth Edison Co. has proposed modifications to tariffs that include higher deposits for data centers, according to Chief Executive Officer Gil Quiniones. He also wants data centers to post collateral in case 'loads and revenues do not materialize as planned.' 'What really needs to happen is to make sure that we're not shifting costs due to data centers powered by AI to all the other customers,' Quiniones said in the interview Wednesday. Concerns are growing about the impact on ordinary consumers from the massive build-out of AI-related infrastructure. The boom is spurring the largest increase in US electricity demand in decades, but power suppliers struggling to keep pace. Quiniones spoke at the Global Quantum Forum in Chicago, where utility executives including ComEd's owner, Exelon Corp., and Southern Co. also addressed the issue. Southern's CEO Chris Womack said Americans will revolt if they end up on the hook for soaring power costs associated with AI. Earlier this week, the operator of the largest US grid offered more evidence of how power prices are being bid higher. The outcome of an electricity auction Tuesday meant businesses and households served by PJM Interconnection LLC will spend a record $16.1 billion to ensure power supplies in the year starting June 2026. The region supplied by PJM includes Chicago. Prices would have been even higher if Pennsylvania Governor Josh Shapiro hadn't sued to place a cap on increases, Exelon CEO Calvin Butler said during a panel discussion. 'When you look at the prices that came out yesterday, they're only going to continue to increase,' Butler said. 'Policy is very important, because we have to get this right. And I wish I could tell you today that we have an answer for the short term.' The growth of quantum computing in Illinois alongside the AI and data centers boom needs to be closely watched, Quiniones also said. While quantum computing is less energy-intensive than AI, Chicago's quantum and microelectronics park, a project spearheaded by Illinois Governor JB Pritzker, has already attracted more than $1 billion in investment from companies including PsiQuantum Corp., International Business Machines Corp. and Infleqtion. 'For now, we are a state that exports power,' Quiniones said. 'We need to be very, very closely monitoring this, working with PJM and our regulators in the state to make sure that we make appropriate additions in the future, not only in generation capacity, but investment on the transmission system.'
Yahoo
3 hours ago
- Yahoo
FTI Consulting Stock Remains Flat Since Q2 Earnings Beat
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Yahoo
9 hours ago
- Yahoo
Full Truck Alliance (YMM) Released its 2024 ESG Report
Full Truck Alliance Co. Ltd. (NYSE:YMM) is one of the . On July 15, Full Truck Alliance Co. Ltd. (NYSE:YMM) released its 2024 ESG report, highlighting several sustainability measures. The company advanced its Green Freight Operations by using smart freight-matching tech to lower carbon emissions. The rate of inefficiency dropped from 38.97% in 2020 to 34.92% in 2024. As a result, the improvements cut around 32 million tons of CO2 and brought around RMB83 billion in economic value. A view of an open cargo shipping yard, highlighting the companies freight listing services. Moreover, Full Truck Alliance Co. Ltd. (NYSE:YMM) also improved safety and operational standards through new management systems and strict controls. It achieved a 100% complaint resolution rate and 90.35% satisfaction rate after resolution. The company also launched 12 safety courses with 780,000 participants and gave truckers better legal support. Full Truck Alliance Co. Ltd. (NYSE:YMM) operates a digital freight platform in China. The company connects shippers with truckers to facilitate the movement of goods. While we acknowledge the potential of YMM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
