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: Annual climate losses rise 10-fold this century to $1.4tr last year

Study: Annual climate losses rise 10-fold this century to $1.4tr last year

BloombergNEF analysis shows UK, Singapore, Canada, and Japan among those best prepared for worsening climate impacts, but global risks are rising fast

James Murray
clock 13 October 2025 • 4 min read
MPs warn awareness of flood risk remains 'dangerously low'

MPs warn awareness of flood risk remains 'dangerously low'

Environmental Audit Committee calls for creation of single national flood reporting and information service to help households and businesses combat rising flood risks

James Murray
clock 13 October 2025 • 4 min read
Study: Smaller UK pension schemes face greater exposure to climate risk

Study: Smaller UK pension schemes face greater exposure to climate risk

Simplified investment strategies mean smaller schemes face nearly twice the risk of negative performance, according to climate scenario modelling carried out by Broadstone

Holly Roach
clock 08 October 2025 • 2 min read