Denmark's PFA owns more than USD 400m in bonds linked to environmentally damaging fossil fuel projects despite the pensions firm's pledge to cut carbon emissions and promote the transition to a greener future, writes Financial Times.
According to Stockholm-based green bond institute Anthropocene Institute, PFA owns bonds worth roughly USD 187m issued by Canadian province Alberta, a major producer of tar-sands oil.
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After decades of relatively stable inflation, young finance professionals may not be afraid enough of the current market situation, says Nobel prize winner and author Daniel Kahneman. Two Danish investment professionals at global asset managers tell AMWatch how they are navigating the current environment.
Lars Seier Christensen, the co-founder of Saxo Bank, lost on a short bet in 2021, leaving him with a substantial deficit. He has a big chunk of his private wealth invested in cryptocurrencies and blockchain technology and says the accounts do not reflect the true developments, but expects a tough 2022.