Thursday, October 24

ByKevin Sheekey

New on the Bloomberg Terminal: Data On Global Fishing Activity and Ocean Ecosystems Brings Transparency for Investors (Bloomberg press release)

Today in Oslo, Bloomberg Philanthropies CEO Patti Harris announced a new initiative to bring Global Fishing Watch (GFW) to bring GFW’s data on global fishing activity to the Bloomberg Terminal.

As climate change is increasingly considered by companies in their financial decisions, the Bloomberg Terminal’s custom mapping and geospatial tools help companies, investors and researchers better picture climate-related risks and opportunities.

Starting today, the GFW data is available in an interactive map at {MAP FISH <GO>} that allows subscribers to see global fishing data by country and gear type, increasing transparency for businesses and governments and supporting the monitoring of global fishing activity.

As Mike Bloomberg tweeted: At @BloombergDotOrg, we’ve already committed $156M to protect reefs & fisheries. Now, we’re bringing @GlobalFishWatch data on global fishing activity to @TheTerminal – increasing transparency & helping investors drive capital toward responsible actors.

Read more in the press release here.

Why It’s Important: Saving the Oceans Is as Vital as Protecting Rain Forests (New York Times)


Energy and Climate Today.

Beyond Carbon: Coal Power Plants Face $7.3 Billion Losses in Europe in 2019 (Bloomberg)

Plunging renewable energy costs and cheap natural gas are cutting the use of the dirtiest coal plants to a record low. Almost 80% of lignite and hard coal-fired generators will be unprofitable this year, a hit the industry is unlikely to survive without government help.

No Transparency, No Investment: Investors Souring on America’s Fracking Revolution (Bloomberg Businessweek)

Fed up with years of broken promises and make-believe forecasts, fund managers have dumped American oil and gas stocks this year, cutting off capital to investment-hungry shale producers and preventing private companies from coming to the market in initial public offerings.

That this is happening in the Permian, the world’s largest and most productive shale basin, calls into question the longevity of America’s fracking revolution, which has turned it into the world’s top oil producer.

New Global Record: Green Bond Issuance Tops $200 Billion Milestone (Markets Media)


Today’s Headlines.


Tech and Media.

Grilled: Mark Zuckerberg Gets Thrown Long List of Grievances by Congress, Struggles to Explain Political Advertising Policy (Bloomberg)

Zuckerberg was ready for a Congressional interrogation on Facebooks cryptocurrency project. On the stand for more than six hours Wednesday, he got a lashing on every other controversy facing the social media giant, too.

In a must watch moment, Rep. Alexandria Ocasio-Cortez asked Zuckerberg: “Would I be able to run advertisements on Facebook targeting Republicans in primaries saying that they voted for the Green New Deal? I mean, if you’re not fact-checking political advertisements, I’m just trying to understand the bounds here, what’s fair game.”

“Congresswoman, I don’t know the answer to that off the top of my head,” Zuckerberg replied. Watch the exchange for yourself here.

James Murdoch Doesn’t Watch Fox News and Likes Mayor Pete (Bloomberg)

In an interview with Vanity Fair editor Radhika Jones at the magazine’s New Establishment Summit conference in Beverly Hills, Murdoch said cable news channels have become too one-sided politically and “there’s plenty on Fox News I disagree with.”


NYC’s New Instagram Star

The Joker Stairs – New York’s Newest Tourist Attraction is in The Bronx (New York Magazine)

With their narrow vertical orientation, the stairs are perfectly suited for the age of the Instagram Story, and their newfound popularity may be aided by the ease of transit from Manhattan: They’re just a short walk from the 167th Street 4 station, itself only one stop away from Yankee Stadium.


Best of late night.

On House Republicans who stormed a closed-door impeachment hearing in Washington, delaying testimony by Laura Cooper, the Pentagon official who oversees Ukraine policy:

“That’s either a bunch of Republican lawmakers or a Black Friday sale on pleated khakis.”
— Stephen Colbert

“It really turned into an ugly scene among Republicans. I haven’t seen that many angry white guys since NBC canceled ‘Frasier.’”
— Jimmy Fallon

“Because nothing says ‘completely innocent’ like storming the room of someone about to testify.”
— Jimmy Fallon

For more best of late night from the New York Times, click here.