Why do asset managers backing net zero still have $417bn invested in oil and gas majors?

Michael Holder
clock • 8 min read
Credit: iStock
Image:

Credit: iStock

Net Zero Asset Managers signatories are risking their own reputation as well as their client's investments by continuing to back oil and gas majors to the tune of hundreds of billions of dollars, Carbon Tracker warns

Leading asset managers collectively responsible for trillions of dollars of their clients' investments worldwide still have $417bn invested in a handful of the world's largest oil and gas companies, leaving...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

Why the Arthur's Seat burn is a cautionary tale for the UK's wildfire management strategy

Why the Arthur's Seat burn is a cautionary tale for the UK's wildfire management strategy

The UK is facing growing wildfire risks, but it can learn from countries that have become increasingly adept at managing the threat posed by more intense fires

Elliot Convery-Fisher, Royal Botanic Garden Edinburgh - The Conversation
clock 29 August 2025 • 5 min read
Study: Climate-driven wildfires reversing clean air progress in the US and Canada

Study: Climate-driven wildfires reversing clean air progress in the US and Canada

Latest Air Quality Life Index (AQLI) warns of 'growing trend' of wildfires increasing particulate pollution across North America

clock 29 August 2025 • 3 min read
Two thirds of top protein producers accused of failing to manage water risks effectively

Two thirds of top protein producers accused of failing to manage water risks effectively

Research from investor-backed FAIRR Initiative finds only a fifth of leading protein companies have targets for tackling water insecurity

James Murray
clock 26 August 2025 • 3 min read