UK investment fund managing $1.2 trillion in assets will divest from Corps that don't act on GW

[MicroBrew]

The head of a UK investment firm, managing $1.2 trillion in assets has threatened to name and shame companies who won't act on Climate Change / Global Warming. They will pull their investments from companies who won't act on CC / GW.

This stuns me, cause I would never have expected an investment firm to give a shit about CC / GW enough to pull millions of billions in investment, because money > ethics for the financial sector. I what brought about this policy, cause I really doubt it is a genuine concern for the environment.

https://www.businessinsider.nl/legal-and-general-helena-morrisey-on-climate-change-2018-4/

 

[Law Talkin’ Guy]

They probably don’t care, but are doing it in case some of their clients care. A marketing move.

 

[Billy no mates]

Rich cunts have got more to lose than the proles if the planet goes tits up .

 

[abiG]

This is number one bullshit.

 

[vengeful]

The head of a UK investment firm, managing $1.2 trillion in assets has threatened to name and shame companies who won't act on Climate Change / Global Warming. They will pull their investments from companies who won't act on CC / GW.

This stuns me, cause I would never have expected an investment firm to give a shit about CC / GW enough to pull millions of billions in investment, because money > ethics for the financial sector. I what brought about this policy, cause I really doubt it is a genuine concern for the environment.

https://www.businessinsider.nl/legal-and-general-helena-morrisey-on-climate-change-2018-4/

Millions of billions? A trillion = 1,000 billion

 

[MicroBrew]

Millions of billions? A trillion = 1,000 billion

Typo. Was supposed to say millions or billions

 

[Rational Poster]

Typo. Was supposed to say millions or billions