Balancing Act: Big Oil’s Future Amid the Climate Crisis

After purchasing $750 million in equity of energy giant Shell, Daniel Loeb demanded something radical: He wanted his investment dismembered. Loeb, CEO of the hedge fund Third Point LLC, penned a passionate Third Quarter letter to his investors wherein he outlined the competing interests within Shell. To Loeb, Shell’s simultaneous commitments to fossil fuels production and renewable energy sources have resulted in “an incoherent, conflicting set of strategies attempting to appease multiple interests but satisfying none.” Loeb’s solution? Balkanize Shell into multiple companies, each with a narrow focus.

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Gerrymandering Today, Unpacked

The argument posited by some Republicans that all gerrymandering is bad — and particularly when it is done by Democrats who claim to oppose it — has transformed the debate over redistricting. No longer just a fight over which neighborhoods are broken up by a new map, the fight over gerrymandering has become another chapter in the war between Democrats and Republicans over the need for reforms to America’s democracy.

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Cutthroat: A Battle for the Future of Antitrust

Unlike Black Friday sales, college admissions, and Yale course registration, antitrust law is not commonly described as cutthroat. Indeed, until about five years ago, antitrust, which determines how companies can legally compete in the U.S. market, was a staid regime experiencing a decades-long ossification, or “ice age,” as Lina Khan, chair of the Federal Trade Commission, said in a New York Times interview.

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