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

Study: Shake-up required to bring financial system 'within planetary boundaries'

Study: Shake-up required to bring financial system 'within planetary boundaries'

'Polycrisis' of economic, social and environmental challenges demands more active effort to reshape sustainable finance, CISL report claims

Stuart Stone
clock 19 May 2025 • 5 min read
'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks

'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks

New Planet Tracker study warns chemical companies are under-pricing carbon costs and undermining decarbonisation efforts

clock 08 May 2025 • 4 min read
Reports: Watchdog urges banks and insurers to plug 'gaps' in tackling climate risks

Reports: Watchdog urges banks and insurers to plug 'gaps' in tackling climate risks

Bank of England to instruct banks and insurers to carry out internal reviews on climate-related risks

Stuart Stone
clock 01 May 2025 • 3 min read