What climate crisis? Fund managers stick with fossil fuels
None of the world’s largest asset managers have definitively called on fossil fuel companies to stop the development of new oil and gas projects.
By Tim Quinson, Bloomberg
Surely, one would think, given all the climate-conscious talk coming from Wall Street bigwigs like BlackRock Inc. Chief Executive Officer Larry Fink, that the investment industry would be using all of its muscle to press the world’s worst polluters to reduce their production of dangerous greenhouse gases.
Instead, the opposite is true.
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