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...

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