Burying CO 2 under fields like this one, in West Texas,
could allow Big Oil to sell “carbon neutral” petroleum.FORTUNE APRIL 2020 1Features April 20205246725868Putting the Money Squeeze on Fossil Fuels
How banks, asset managers, and insurance firms are driving change—
and why they need to move faster. BY BILL MCKIBBENBusiness Faces the Climate Crisis
The challenges are daunting. But if companies tackle one unmet need
at a time, the possibilities for progress are endless. BY BRIAN O’KEEFEVicious (Re)Cycle
The need for plastic recycling is more acute than ever. But the industry
handling all that waste is on the verge of collapse. BY VIVIENNE WALTBig Oil’s Hail Mary
Companies are betting on tech that sucks CO 2 from the air. But can it
scale up in time to help a polluting industry remake itself? BY JEFFREY BALL
PLUS: Sci-fi tech tackles climate change. BY JENNIFER ALSEVERProjecting the Cost of Climate Change
As the planet continues to heat up, rising temperatures will have pro-
found effects on the global economy. BY BRIAN O’KEEFE & NICOLAS RAPP38
Inside Xerox’s
Audacious Bid
to Buy HP
Two 20th-century
tech giants are duking
it out in a hostile takeover
battle, with the future
of a $200 billion
industry at stake.
BY SHAWN TULLY42
Garmin Goes
the Distance
Far from Silicon Valley,
the gadget maker
focused on its expertise
in GPS technology—
and reversed an
onslaught from the
likes of Apple and
Google. For now.
BY DANIELLE ABRIL86
The Greatest
Designs of
Modern Times
The products that
have made our lives
simpler, better, and
yes, more stylish.
BY DANIEL BENTLEYSPECIAL REPORT A PLANET IN CRISISCONTENTSCOVER ILLUSTRATION
BY SHOUTVOLUME 181 • NUMBER 4PHOTOGRAPH BY BENJAMIN RASMUSSENTOC.W.0420.XMIT.indd 1 FINAL 3/10/2020 8:52:37 PM