…on the way out.

Norway’s largest private money manager, Storebrand Asset Management, excluded and divested itself of more than two dozen listed companies under its new climate change policy, citing concerns with lobbying, coal, and oil sands.

Virtue signaling climate justice is more important than making money for a company’s owners. Which money and associated investment profits are the only means of amassing the wealth necessary to do anything substantive about our environment (which is useful) or about our climate (which need is dubious at best).

Of course, the other alternative, which would be the end game if enough climate justice warriors succeeded en masse, is global impoverishment and the shutdown of modern economies. That, as the now known to be foolish lockdowns have shown, reduced pollution to a significant degree, even if they had little effect on climate.

Luv ya, Storebrand, mean it, buh bye.

Oh, and I won’t be investing my pennies in Storebrand.

Facebook is upset with Apple because the latter, with the privacy changes (improvements?) it has made to its upcoming iPhone software, will greatly hinder the former’s ability to generate targeted ads on apps outside of Facebook’s.

Note, though: Facebook can’t deliver targeted ads without first tracking us.

Apple’s move, then, to the extent Facebook’s characterization is accurate, can’t be all bad on two counts: users won’t be limited in what they see regarding specific products or products in general, which is what targeted ads do, and users won’t be tracked as effectively, which is another purpose of ad targeting.

But, Facebook complains, Apple’s software changes

will affect its Audience Network business….

It’ll affect one of Facebook’s business models.

Willy Sutton’s business model was to go where the money is. Go there often. Maybe he should have been left alone, too.