SEC Climate Rule Put on Hold
The U.S. 5th Circuit Court of Appeals delayed implementation of the rule, pending further review.
A lack of capital spending in mining such ‘transition metals’ as copper, nickel and lithium is linked to chaotic prices, the research firm says.
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.
Stock buybacks are expected to shrink, leaving room for more payouts, the firm believes.
The $100 billion fund’s founding partners are sovereign wealth fund Mubadala and AI company G42.
The 2.5% excise tax would target private institutions in the state with endowments of at least $1 billion.