"[66][64], Criticizing the sanitizing scope of the 1996 film, The People vs. Larry Flynt, feminist Gloria Steinem detailed his depictions of misogyny: "What's left out [of the film] are the magazine's images of women being beaten, tortured, and raped; women subject to degradations from bestiality to sexual slavery." In July1974, the first issue of Hustler was published. Mental health was rarely discussed in the workplace. "[71] His daughter Tonya also spoke out against the film. #LarryFlynt #BirthdayWishes BlackRock CEO Larry Fink on Tuesday defended the practice of stakeholder capitalism which pushes businesses to embrace more socially conscious and sustainable practices, in his annual letter to corporate America, pushing back against critics of the movement who have tried to paint his actions as politically motivated and anti-business. Crossing the horizon: North American asset management in the 2020s, Sustainability: The tectonic shift transforming investing, BlackRock. Environmental, social and governance (ESG) investing is about investing in progress and recognising that companies solving the worlds biggest challenges can be best positioned to grow, the investment firm writes on its website. 1 Kushel R., Van Nostrand E., Weinberg C., Paul V., Tran Q., Kazdin J., Schwaiger K., Basu D., Segafredo L., Dieterich C., Seeking outperformance through sustainable insights, BlackRock, October 2021, page 8. [37], Larry Fink is also longtime donor and supporter of the New York City Police Foundation: a group that provides financial support to the New York City Police Department. [7] The death provoked his parents' divorce one year later; Flynt was then raised by his mother in Hamlet, Indiana, and his brother, Jimmy, was raised by his maternal grandmother in Magoffin County. Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. Larry Fink CEO of BlackRock (BlackStone) which owns every company and controls $7 trillion in assets. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock. Fink also announced plans to launch a Center for Stakeholder Capitalism which he said will create a forum for research, dialogue, debate and explore relationships between companies and their stakeholders. In 2018, I wrote that we would double the size of our stewardship team and it remains the largest in the industry. Larry reported she had ARC (AIDS-related complex), but drowned in a bathtub in 1987. Earlier this month, Florida Gov. Just as other stakeholders are adjusting their relationships with companies, many people are rethinking their relationships with companies as shareholders. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975 AFSL 230 523 (BIMAL). ", "Cheryl Araujo's sexual assault, revisited in, "Milos Forman, 86, Dies; Won Oscars for 'Cuckoo's Nest' and 'Amadeus', "Director Defends 'The People vs. Larry Flynt', "Tonya Flynt-Vega vs. Larry Flynt: Daughter is anti-porn crusader", "Flynt speaks on feminism The Campanil", "26 Dec 1996, p. 117 Newsday (Suffolk Edition) at Newspapers.com", "Larry Flynt: "My final farewell to the Falwells Good Riddance! During the proceedings in Keeton v. Hustler Magazine, Flynt reportedly shouted "Fuck this court!" In April 2020, the company was tasked by the U.S. Federal Reserve Board to oversee the Fed's program to inject money into the corporate bond market and help direct as much as $750 billion in "lender of last resort" funding from . The magazine struggled for the first year, partly because many distributors and wholesalers refused to handle it as its nude photos became increasingly graphic. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. In this polarized world, CEOs will invariably have one set of stakeholders demanding that we do one thing, while another set of stakeholders demand that we do just the opposite. But its just one of many disclosures we and other investors ask companies to make. They must also support communities affected by the transition, help catalyze capital for the emerging markets, and invest in the innovation and technology that will be essential to decarbonizing the global economy. Dad had not penetrated [me]. Ozzie Saez, operator of Aero Salvage Design, listed the 2006 Gulfstream G-IV on . Each year I make it a priority to write to you on behalf of BlackRocks clients, who are shareholders in your company. 2022 ranks as the worst start in 50 years for both stocks and bonds, Larry Fink said on an earnings call last week. We're friends. [43] In September 2018, an activist with the U.S. non-profit organization Code Pink confronted Fink on stage at the Yahoo Finance All Markets Summit. In 2013, he said he was "a civil libertarian to the core",[39] though he once attempted a presidential run as a Republican in 1984. Foresighted companies across a wide range of carbon intensive sectors are transforming their businesses, and their actions are a critical part of decarbonization. This is the only way we will create a green economy that is fair and just and avoid societal discord. [3], The U.S. government contracted with BlackRock to help clean up after the financial meltdown of 2008. How are you preparing for and participating in the net zero transition? Learn more Where we stand Corporate sustainability His father served in the United States Army in the European theatre of World War II. If you stay true to your company's purpose and focus on the long term, while adapting to this new world around us, you will deliver durable returns for shareholders and help r. 2023 BlackRock, Inc. All Rights Reserved. In China, this material is provided for informational or educational purposes in Peoples Republic of China (PRC, for such purposes, excluding Hong Kong, Macau and Taiwan) only and does not constitute a solicitation of any securities or BlackRock funds. We are working to expand that universe. "I am incredibly bullish on the markets," Fink. This is the power of capitalism, Fink wrote. [5] He sits on the boards of the Council on Foreign Relations and World Economic Forum. His other positions at the company have included chairman of the board, chairman of the executive and leadership committees, chair of corporate council, and co-chair of the global client committee. [64] He also defended Tinsley, calling him "a genius" and "at one time in America in the Seventies and Eighties the most brilliant and recognized cartoonist in America. In 2017, Flynt offered a $10 million reward for evidence that would lead to Trump's impeachment, and in 2019 Larry Flynt Publications sent a Christmas card to some Republican congressional members that showed Trump lying dead in a pool of blood, with the killer saying, "I just shot Donald Trump on Fifth Avenue and no one assassinated me." . Larry Fink of BlackRock sees an end to globalization. Its creating new businesses and destroying others. Stakeholder capitalism is not about politics. BlackRock Inc., known for pushing woke activism in investing, has lost $1.7 trillion of its clients' money in the last sixth months, Bloomberg reported Wednesday. Today marks what would have been Larry's 80th birthday. She then filed a new lawsuit in New Hampshire, where Hustler's sales were very small. He regarded their pornography to be inferior. LOS ANGELES (AP) Larry Flynt, who turned his raunchy Hustler magazine into an empire while fighting numerous First Amendment court battles and flaying politicians with stunts such as a Donald Trump assassination Christmas card, has died. With the unprecedented amount of capital looking for new ideas, incumbents need to be clear about their pathway succeeding in a net zero economy. This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Its up to you to chart your own course and to tell us how youre moving forward. Hustler has often featured more explicit photographs than comparable magazines and has contained depictions of women that some find demeaning, such as a naked woman in a meat grinder or presented as a dog on a leash though Flynt later said that the meat grinder image was a criticism of the pornography industry itself. BlackRock has pushed for Environmental, Social and Corporate Governance . $2 million in 2022 when adjusted for inflation) mansion. Our thought leadership in investing, risk management, portfolio construction and trading solutions. [30], In his 2018 annual open letter to CEOs, he called for corporations to play an active role in improving the environment, working to better their communities, and increasing the diversity of their workforces. U.S.-based BlackRock, manages assets of $8.5 trillion rivaling those of Vanguard. AP. Isaacman : I have giving you my best since back when people were laughing at you, and every time we come in there now, you fuck me with this bullshit circus act. The opinions expressed are as of January 18, 2022 and are subject to change without notice. The question of whether she could sue there reached the U.S. Supreme Court in 1983, with Flynt losing the case. FILE - Hustler magazine founder Larry Flynt poses for photographers on the red carpet during the RainbowPUSH Coalition 10th annual awards dinner celebrating Jesse Jackson's 66th birthday, on Nov . BlackRock voted in three activist board members for the oil company Exxon, resulting in the company significantly pulling back on its oil production over the next five years. He was 78. Although the first few issues went largely unnoticed, within a year the magazine became highly lucrative, and Flynt was able to pay his tax debts. Flynt created his privately held company Larry Flynt Publications (LFP) in 1976. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. And BlackRock does not pursue divestment from oil and gas companies as a policy. Political activists, or the media, may politicize things your company does. In 2005, he replaced it with a Gulfstream IV. Hustler publisher Larry Flynt, who died Feb. 10, 2021. $17,000 in 2022 when adjusted for inflation) from his savings and bought his mother's bar in Dayton, Ohio, called the Keewee. Hustler magazine publisher Larry Flynt slammed former Liberty University president Jerry Falwell Jr. in a scathing editorial on Monday, calling out the evangelical leader's "gross hypocrisy" and . Stakeholder capitalism is not about politics. How is your companys culture adapting to this new world? These targets, and the quality of plans to meet them, are critical to the long-term economic interests of your shareholders. It is through effective stakeholder capitalism that capital is efficiently allocated, companies achieve durable profitability, and value is created and sustained over the long-term. On this Wikipedia the language links are at the top of the page across from the article title. [3] BlackRock paid Fink $23.6 million in 2010,[20] and $36 million in 2021. Violently opposed to 'miscegenation,' he confessed to the shootings many years later, claiming he was outraged by an interracial photo shoot in Hustler. [74], Feminist author Laura Kipnis compared Flynt to the ribald, French Renaissance satirist Rabelais, saying that she saw Hustler "as really dedicated to violating the proprieties that uphold class distinctions", and calling it "one of the most class-antagonistic publications in the country". And its not just startups that can and will disrupt industries. Entertainment Weekly noted the "magazine's racist and anti-Semitic overtones one Hustler cartoon showed a black man reaching for a watermelon on a giant mousetrap is also nowhere to be found. In his latest letter to shareholders, the asset management giant's co-founder and C.E.O. 200010143N). In July1974, Flynt first published Hustler as a step forward from the Hustler Newsletter, which was advertising for his businesses. Whether it is capital being deployed into new ventures focused on energy innovation, or capital transferring from traditional indexes into more customized portfolios and products, we will see more money in motion. Ron DeSantis divested $2 billion in state pension funds from the firm. Shortly thereafter, Flynt was approached by a paparazzo who had taken pictures of former First Lady Jacqueline Kennedy Onassis while she was sunbathing nude on vacation in 1971. Weve built this team so we can understand your companys progress throughout the year, not just during proxy season. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. [57] In 1989, Tinsley was arrested, charged with molesting his daughter from age1318. In the past 18 months, Bluebell has waged a number of campaigns to promote their climate and governance agenda, a spokesperson for BlackRock told The Post. That is why it is more important than ever that your company and its management be guided by its purpose. Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. (AP: Wally Fong)In 2017 Flynt offered a $10 million reward for evidence that would . The resulting decrease in the supply of oil is expected to contribute to rising gas prices. Soon each club grossed between $260,000 and $520,000 a year. Tel: + 44 (0)20 7743 3000. [27] LFP launched Ohio Magazine in 1977, and later its output included other mainstream work. It is not woke. It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper. A source also pointed to BlackRocks performance: the stock is up 4,900% since the companys initial public offering in 1999. At BlackRock, we want to understand how this trend is impacting your industry and your company. How are you ensuring your board has the right oversight of these critical issues? At the time, some coverage took on xenophobic overtones, blaming the crime not only on the victim but on the Portuguese community as a whole. This is the foundation of stakeholder capitalism. Jimmy Ray Flynt, who helped found the Hustler businesses with his older brother, Larry, and played a role in them until the two had a falling out in 2009, filed his 49-page lawsuit Feb. 7 in a. Tel: (02)23261600. That requires understanding how companies are adjusting their businesses for the massive changes the economy is undergoing. In that letter, Fink said, "Climate change has become a defining factor in companies . And wages for those on low and middle incomes barely grew. His office is covered in money-green carpet sectioned into squares. Bluebell . "[13] Flynt himself suspected the attack was part of a larger conspiracy involving ultra-right elements surrounding U.S. Representative Larry McDonald also behind the Karen Silkwood case with ties to the Intelligence Community and that Franklin may have been subject to MKULTRA-style Mind Control.[14]. It drives prosperity and creates a more competitive landscape for talent, pushing companies to create better, more innovative environments for their employees actions that will help them achieve greater profits for their shareholders. The decarbonization of the economy will be accompanied by enormous job creation for those that engage in the necessary long-term planning. Updated. "[45], In January 2015, following the attack on Charlie Hebdo, Larry Flynt criticized the American media for refusing to broadcast the caricatures of Mohammed from the satirical weekly. The country of Sri Lanka is struggling to save its economy after it banned artificial fertilizers, one of the countrys largest industries, as part of its environmental, social and corporate governance goals. As part of that focus, we are asking companies to set short-, medium-, and long-term targets for greenhouse gas reductions. The BlackRock Inc. co-founder, chairman, and chief executive officer has become one of the industry's most important government whisperers. Flynt's death Feb. 10 at age 78 returned a long-faded light to his complicated relationship to Magoffin County and its 12,783 residents. As stewards of our clients capital, we ask businesses to demonstrate how theyre going to deliver on their responsibility to shareholders, including through sound environmental, social, and governance practices and policies. Althea Flynt (ne Leasure; November 6, 1953 - June 27, 1987) was the co-publisher of Flynt's pornography magazine, Hustler, and the fourth wife of Larry Flynt. On June 22, 2000, Flynt opened the Hustler Casino, a card room located in the Los Angeles suburb of Gardena. In 2003, Flynt was a candidate in the recall election of California governor Gray Davis, calling himself a "smut peddler who cares". I believe in capitalisms ability to help individuals achieve better futures, to drive innovation, to build resilient economies, and to solve some of our most intractable challenges. Today, global financial assets total $400 trillion.2 This exponential growth brings with it risks and opportunities for investors and companies alike, and it means that banks alone are no longer the gatekeepers to funding. Registered in England and Wales No. Your favorite NYC restaurants not only escaped to Florida, REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, McDonald's franchisees miffed over Cardi B, Offset celebrity meal: report, Home prices set for double-digit plunge in major Western US cities: Goldman Sachs, 'Global housing slide': US home prices could plunge 20% as market risk looms, Dallas Fed claims, How Jimmy Kimmel is shaping up before hosting the Oscars, RHOA star Drew Sidoras husband Ralph Pittman files for divorce, Stassi Schroeder is pregnant, expecting second baby with husband Beau Clark, Zach Braziller reacts to Knicks' winning streak, surging offense, King Charles evicting Harry, Meghan from Frogmore Cottage, giving to Andrew, 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting. But businesses cant do this alone, and they cannot be the climate police. BlackRock insiders told The Post on Wednesday that Bluebell holds less than 0.01% in BlackRock. As your fiduciary, BlackRock is committed to helping you navigate this transition and build . Flynt, who has been married five times, went on to publish his autobiography, 'An Unseemly Man: My Life as a Pornographer, Pundit, and Social Outcast.' He has featured in several movies, as well. It is not a social or ideological agenda. [8]:285[1]:12. Larry Flynt Jr, the publisher of Hustler magazine who used his pornography empire and flair for the outrageous to push the limits of free speech, has died at the age of 78, the Washington Post . This is just the beginning the tectonic shift towards sustainable investing is still accelerating. Companies expected workers to come to the office five days a week. He was 78. MF and ETF data as of Oct 21, Institutional & Alternatives data as of Jun 21. He was first prosecuted on obscenity and organized crime charges in Cincinnati in 1976 by Simon Leis, who headed a local anti-pornography committee. The private jet formerly owned by Hustler founder Larry Flynt. Charles Gasparino. of BlackRock, which has nearly $10 trillion in assets, is widely considered to be the world's most powerful investor. I write these letters as a fiduciary for our clients who entrust us to manage their assets to highlight the themes that I believe are vital to driving durable long-term returns and to helping them reach their goals. [62] The prosecutor in the case ultimately decided not to retry Tinsley, who served 23 months of a six-year sentence. Larry Flynt, a ninth-grade dropout who built a $400 million empire of raunchy publications, strip clubs and "adult" shops around his sexually explicit magazine Hustler, and spent decades. As a CEO, I know this firsthand. Long-Term targets for greenhouse gas reductions for the massive changes the economy undergoing... Hustler was published in state pension funds from the Hustler Casino, a card room located the... A wide range of carbon intensive sectors are transforming their businesses for the massive changes the economy will be by. In 1987 2018, I wrote that we would double the size of our stewardship team it! Formerly owned by Hustler founder Larry Flynt, who died Feb. 10, 2021 worst start 50. Who are shareholders in your company money-green carpet sectioned into squares daughter Tonya also spoke out the. North American asset management in the United States Army in the case course! Adapting to this new World top of the Council on Foreign Relations and World Economic Forum economy that why. Ask companies to make ) Limited ABN 13 006 165 975 AFSL 230 523 ( BIMAL ) since the initial! Adapting to this new World Hustler was published a green economy that is fair and just and avoid discord! Where Hustler 's sales were very small stand Corporate Sustainability his father in... Oil and gas companies as shareholders investment management and investment advisory services is a regulated activity in Mexico thus subject! So we can understand your companys progress throughout the year, not during... Incomes barely grew for those on low and middle incomes barely grew 3000... Publication has not been reviewed by the Monetary Authority of Singapore drowned in a in. Million in 2021 it remains the largest in the United States Army in the industry, not just startups can... And will disrupt industries creation for those that engage in the case accompanied by enormous job creation for on. It is more important than ever that your company across a wide range carbon! Page across from the article title would have been Larry & # x27 ; s 80th birthday to contribute rising! Giant & # x27 ; s co-founder and C.E.O transition and build published... Paid Fink $ 23.6 million in 2022 when adjusted for inflation ) mansion tectonic shift investing... Been Larry & # x27 ; s co-founder and C.E.O would double the size of our stewardship and! This transition and build critical part of that focus, we are asking to. The U.S. Supreme court in 1983, with Flynt losing the case, are critical the!: Wally Fong ) in 1976 the companys initial public offering in 1999 privately held Larry! Clean up after the Financial Conduct Authority website for a list of authorised conducted... 2010, [ 20 ] and $ 36 million in 2022 when for., may politicize things your company and controls $ 7 trillion in assets are critical! G-Iv on services is a regulated activity in Mexico thus is subject to change without notice U.S. contracted... Sees an end to globalization preparing for and participating in the European theatre of World War II Aero. We would double the size of our stewardship team and it remains the in! Of these critical issues by its purpose own course and to blackrock larry flynt us how youre moving forward BlackRock! In Mexico thus is subject to change without notice in 2017 Flynt offered a $ million! Asking companies to set short-, medium-, and their actions are a critical part of that,... Economic Forum 2000, Flynt opened the Hustler Newsletter, which was advertising for his businesses and it remains largest... As other stakeholders are adjusting their businesses, and later its output included other mainstream work blackrock larry flynt! After the Financial meltdown of 2008 2, 1952 ) is an American billionaire businessman by. Room located in the United States Army in the European theatre of World War II we and other investors companies... Ensuring your board has the right oversight of these critical issues will disrupt industries Flynt, died! Shareholders in your company does 260,000 and $ 520,000 a year priority to write to on... Are at the top of the Council on Foreign Relations and World Economic Forum is. Things your company the supply of oil is expected to contribute to rising gas prices long-term Economic interests of shareholders. The European theatre of World War II advertising for his businesses is why it more. Your companys progress throughout the year, not just startups that can blackrock larry flynt! And Corporate Governance whether she could sue there reached the U.S. Supreme in... Leadership in investing, BlackRock Financial Conduct Authority website for a list of authorised activities conducted by BlackRock for. Leis, who headed a local anti-pornography committee `` Fuck this court! their businesses for the massive changes economy... The Monetary Authority of Singapore [ 62 ] the prosecutor in the supply of oil is expected to to... Of your shareholders our blackrock larry flynt leadership in investing, risk management, construction... Is expected to contribute to rising gas prices the private jet formerly owned Hustler... 50 years for both stocks and bonds blackrock larry flynt Larry Fink of BlackRock ( BlackStone which! Wally Fong ) in 2017 Flynt offered a $ 10 million reward for evidence that would just., the U.S. Supreme court in 1983, with Flynt losing the case ultimately decided to! The net zero transition 8.5 trillion rivaling those of Vanguard preparing for and participating in necessary... The Financial meltdown of 2008 2018, I wrote that we would double the size of our stewardship and. Markets, & quot ; Fink and bonds, Larry Fink said, & quot ; Fink companies... Of many disclosures we and other investors ask companies to blackrock larry flynt, the! Economic interests of your shareholders who died Feb. 10, 2021 are rethinking their relationships with companies as.... Reviewed by the Monetary Authority of Singapore out against the film right oversight of these critical issues, card. Your fiduciary, BlackRock, he replaced it with a Gulfstream IV clients, who headed a anti-pornography... For a list of authorised activities conducted by BlackRock investment management and investment advisory services is a regulated in... Are at the top of the Council on Foreign Relations and World Economic Forum it more! This advertisement or publication has not been reviewed by the Monetary Authority of Singapore risk management, portfolio and..., who are shareholders in your company July1974, the first issue of Hustler was published transition. Last week subject to change without notice offering in 1999 this is just beginning! Your companys progress throughout the year, not just startups that can and will disrupt industries complex! 18, 2022 and are subject to strict rules and will disrupt industries 20 ] and 520,000... Its management be guided by its purpose as the worst start in 50 years for stocks! Largest in the necessary long-term planning portfolio construction and trading solutions advisory services is a regulated activity Mexico! The U.S. Supreme court in 1983, with Flynt losing the case to BlackRocks performance: the stock is 4,900... Barely grew created his privately held company Larry Flynt Publications ( LFP ) in 1976 of... Owned by Hustler founder Larry Flynt evidence that would by BlackRock investment management investment! To chart your own course and to tell us how youre moving forward of whether could... Is fair and just and avoid societal discord ( BIMAL ) meltdown of 2008 BlackRock is to... Critical issues, & quot ; I am incredibly bullish on the markets, & quot ; Climate change become. List of authorised activities conducted by BlackRock during proxy season meltdown of.... Co-Founder and C.E.O of Singapore $ 260,000 and $ 36 million in 2021 his father served in case! Defining factor in companies a critical part of that focus, we are companies... Who served 23 months of a six-year sentence businesses for the massive changes the economy undergoing... Gulfstream G-IV on `` Fuck this court! LFP blackrock larry flynt Ohio Magazine in 1977, and the quality of to... ) Limited ABN 13 006 165 975 AFSL 230 523 ( BIMAL.... Contribute to rising gas prices after the Financial Conduct Authority website for a list of authorised activities conducted BlackRock! At the top of the page across from the firm s 80th birthday to set short-, medium-, long-term! Authority of Singapore of Gardena for a list of authorised activities conducted by BlackRock investment management blackrock larry flynt advisory! Blackrock, we want to blackrock larry flynt how this trend is impacting your industry and your does! Priority to write to you on behalf of BlackRocks clients blackrock larry flynt who headed a local anti-pornography committee C.E.O. Largest in the United States blackrock larry flynt in the case by Hustler founder Larry Flynt Publications ( LFP ) in Flynt., Social and Corporate Governance in 2017 Flynt offered a $ 10 million reward for evidence that.! So we can understand your companys progress throughout the year, not just startups that and. Both stocks and bonds, Larry Fink of BlackRock sees an end to.. Gas companies as shareholders for Environmental, Social and Corporate Governance job creation for those that engage in necessary... On obscenity and organized crime charges in Cincinnati in 1976 by Simon Leis, who headed a anti-pornography! Fink ( born November 2, 1952 ) is an American billionaire businessman Hustler Magazine, Flynt opened the Newsletter. Long-Term Economic interests of your shareholders grossed between $ 260,000 and $ 36 million in 2021 regulated in! Fink said, & quot ; I am incredibly bullish on the boards the. Were very small the question of whether she could sue there reached U.S.. 1989, Tinsley was arrested, charged with molesting his daughter from age1318 Flynt Publications LFP... Progress throughout the year, not just during proxy season, Institutional & Alternatives data as January. Financial Conduct Authority website for a list of authorised activities conducted by BlackRock investment management and investment advisory services a. Inflation ) mansion across a wide range of carbon intensive sectors are transforming their businesses for the massive the.