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🔍Scoops Spotlight

Serving the highlights from the daily scoops on the app

Hey friends - Happy Friday. Welcome back to the weekly Scoops Spotlight, where we’ll serve up a little summary of the week with the company scoops that got the most community reactions.

If you haven’t downloaded the app yet, follow the directions at the bottom of the email. Right now, it’s an invite-only beta, so you have exclusive access.

🌎 The Big Picture

This week, it was great to see that wages are still gaining on the high cost of living. That’s the most important trend supporting the economy.

Mortgage rates dipped slightly, and hiring bounced back in November, offering workers some relief. However, layoffs rose, the cost of living continues climbing, and record heat underscores the financial risks of climate change.

How are you feeling about the economy?

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Get the full breakdown of all the trends affecting your home, wallet, and career in the new Weekend Scoop on the Scoops app!

🏭 The Companies Everyone’s Talking About

 

Exxon Mobil Corp

👍 30%

👥 41% | 🌏 42% | 💰 49%
 

Tech Power

Exxon Mobil is venturing into the electricity business with plans to build a natural gas-fueled power plant equipped with a carbon emissions capture system to supply low-emissions electricity directly to tech's power-hungry data centers.

The largest US oil company also plans to use $30B over six years to develop other alternative energy sources with less emissions.

Coca-Cola Co.

👍 49%

👥 56% | 🌏 44% | 💰 50%
 

Less Ambitious

Coca-Cola walked back most of its environmental goals due to difficulty, reducing targets and extending timelines for its goals to use more recycled content in packaging, collect more used bottles, reduce fossil fuel pollution, and integrate reusable containers.

The beverage giant is on track to make all its packaging recyclable by 2025 and has eliminated significant water waste.

BP plc

👍 56%

👥 51% | 🌏 47% | 💰 52%
 

Wind Shift

BP has found a partner to decrease the costs of its offshore wind operations, forming a joint venture with a Japanese power company to invest up to $5.8B by 2030 to create a top offshore wind operation.

The global oil giant has retreated from its ambitious goals of transitioning to renewable energy to focus on fewer, more profitable ventures.

Duke Energy

👍 42%

👥 50% | 🌏 50% | 💰 50%
 

Climate Deception

Duke Energy is facing a groundbreaking lawsuit by a North Carolina town, accusing it of decades of misleading the public about the dangers of fossil fuel pollution and hindering a transition to clean energy.

The power company produced at least 45% of its electricity from burning coal or methane and was the third-largest carbon emitter in the US in 2019.

Goldman Sachs

👍 58%

👥 42% | 🌏 44% | 💰 54%
 

Backing Out

Goldman Sachs dropped out of the Net-Zero Banking Alliance, making it the first big bank to step away from the bank-led and UN-backed group aiming to reduce global fossil fuel pollution.

The Wall Street giant maintained its commitment to reducing carbon emissions, but banks face heightened political pressure from fossil fuel advocates threatening legal action against climate-focused banking initiatives.

Dig into more scoops and vote on company approval ratings in the Scoops app!

The Big Question of the Week

Should banks try to influence their corporate customers’ operational decisions?

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Challenge your perspectives and learn from the community voting on the Scoops app!

🔦Feature Spotlight

 

Don’t miss out on the Weekend Scoop!

It’s everything you need to catch up each week:

  • Big Picture summary of the week

  • Reasons to be optimistic about the economy

  • Reasons to be pessimistic

  • Inside Scoop

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