Remove tag oil and gas industry
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DUST Identity Raises $10M For Supply Chain Security

PYMNTS

Pioneers of the first diamond-coated unclonable security tag for supply chain security and end-to-end tracking, DUST Identity has announced $10 million in Series A funding. The funding will help DUST Identity grow its customer base across industries, including automotive, luxury goods and cosmetics as well as oil, gas and utilities.

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Transcript: Albert Wenger

Barry Ritholtz

And Joshua added tags to that, and so you could browse things by tags. WENGER: So they have completely industrialized this process. When we went from the agrarian age to the industrial age, we didn’t get rid of agriculture. I had just finished another project I was been working on. RITHOLTZ: That’s amazing.

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Transcript: Robyn Grew

Barry Ritholtz

Then suddenly in the ensuing weeks, you get tagged to be CEO. RITHOLTZ: When you say the data is contradictory, there’s been some studies that have shown that ESG doesn’t generate any form of alpha or alphaperformance, very often tied to how well oil companies are doing because if you pull those out it’s a major component.

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Transcript: Robert Koenigsberger

Barry Ritholtz

How has the industry changed? Bank of America decided they wanted to sell their branch in Lima, Peru, and the price tag was a million dollars. Oil and gas on one hand, and you know, importers of energy on another hand. So look, Venezuela has a lot of oil capacity. KOENIGSBERGER: That’s right.

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Transcript: Howard Lindzon

Barry Ritholtz

I can either just give it away for free, which, you know, I started the cash tag dollar sign… RITHOLTZ: Right. I go, no, I’m pro-oil. If you’re against oil and want to see alternatives come up, isn’t there a better way to do it than saying, we’re just going to give money to people who use carbon.

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