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California Pension Fund Labels Chevron and Saudi Aramco as Climate Investments

3 months 2 weeks ago
The US's largest pension fund has classified more than $3 billion of holdings in oil drillers, coal miners, and other major greenhouse gas producers as climate-friendly investments, according to a new analysis of public records. From a report: Stakes in Saudi Aramco, Chevron Corp. and Chinese coal company Inner Mongolia Dian Tou Energy are among the holdings that California Public Employees' Retirement System labeled as "climate solutions." The findings are part of a report from California Common Good, a coalition of environmental advocates and public sector unions. The group, which has called for Calpers to divest from major oil and gas companies, is staging protests Tuesday at Chevron's San Francisco Bay Area refinery and in the burn zone of the Eaton fire near Los Angeles.

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SpaceX Readies Starlink India Launch

3 months 2 weeks ago
SpaceX's Starlink has secured its first agreement in India, partnering with telecommunications leader Bharti Airtel to bring high-speed satellite internet to the world's most populous country, the companies announced Tuesday [PDF]. The landmark deal will enable Starlink to tap into Airtel's extensive retail network and ground infrastructure while expanding its global reach into previously underserved regions across India, pending regulatory authorizations. "We are excited to work with Airtel and unlock the transformative impact Starlink can bring to the people of India," said Gwynne Shotwell, President and Chief Operating Officer of SpaceX. "The team at Airtel has played a pivotal role in India's telecom story, so working with them to complement our direct offering makes great sense for our business." The collaboration will explore selling Starlink equipment through Airtel's retail stores and offering services to business customers while connecting communities in rural areas with limited connectivity.

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