Rachel Koning Beals
Rachel Koning Beals
News Editor focused on the business of climate change at MarketWatch. Opinions are my own. Especially the right ones.Source
Chicago, IL
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RECENT ARTICLES
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For first time ever, majority of shareholders push oil giant Chevron to align with Paris climate pact

For first time ever, majority of shareholders push oil giant Chevron to align with Paris climate pact

Proposals by the Climate Action 100+ investor signatories calling on major oil and electric power companies to disclose lobbying activities and improve governance on climate change earned record support during the latest shareholder proxy season. Notably, a 53% majority of shareholders at Chevron Corp. voted for a resolution seeking a commitment from the oil giant to align its climate-policy lobbying activities with the goal of the Paris Agreement, an international voluntary effort that aims to keep global average temperature rise to below 2 degrees Celsius, and ideally limit it to 1.5...

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Rachel Koning Beals
Jun 24
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Chicago Fed economic index plunges, latest measure to reflect crippling effect of coronavirus on U.S. growth

Chicago Fed economic index plunges, latest measure to reflect crippling effect of coronavirus on U.S. growth

The numbers: A slump in factory output and the hit to employment indicators as the globe buckled under the latest coronavirus pushed the Chicago Federal Reserve’s national economic index deep into negative territory for March.Most economists think April’s anticipated negative reading will be more severe.The Chicago Fed’s index , down from a positive 0.06 in February. It’s the lowest reading since early in 2009, when the economy was suffering under the Great Recession. The volatile nature of the monthly data puts added emphasis on following the index’s less-volatile, three-month moving...

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Rachel Koning Beals
Apr 20
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Scholar to Trump and Pence: ‘You can’t insult science’ and then expect a command performance with the coronavirus

Scholar to Trump and Pence: ‘You can’t insult science’ and then expect a command performance with the coronavirus

‘I don’t expect politicians to know Maxwell’s equations for electromagnetism or the Diels-Alder chemical reaction (although I can dream). But you can’t insult science when you don’t like it and then suddenly insist on something that science can’t give on demand.’That’s H. Holden Thorp, editor-in-chief of the Science journals. He’s questioning the Trump administration’s rediscovered reliance on science — an area Democrats and select industries argue the White House has severely underfunded — in order to save the world from , and bolster re-election hopes along the way.Thorp was , before the...

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Rachel Koning Beals
Mar 12
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Why don’t we panic about climate change like we do coronavirus?

Why don’t we panic about climate change like we do coronavirus?

Because “outbreak” and “pandemic” and any of a dozen high-stakes words accompany dispatches about the deadly novel coronavirus, it’s not surprising — nor even ill-advised — that the news media and financial markets respond with alarm to COVID-19.Still, the critical response leaves scientists, environmental advocates and long-view money managers imploring: Where’s the outrage on any given day for pollution- and temperature-linked deaths (already adding up and projected to increase) from accelerating man-made climate change?Where’s the impetus for moving on policy change and market-driven...

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Rachel Koning Beals
Mar 7
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