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Bond Vigilante Calls Out ‘Dead Fish’ Credit Investors on Climate

Former debt strategist goes after financial backers of fossil fuels.

Ulf Erlandsson

Ulf Erlandsson

Photographer: Mikael Sjoberg/Bloomberg

Ulf Erlandsson isn’t your typical climate campaigner: He prefers the trading desk to the picket line.

He pushed Amundi SA, Europe's largest asset manager, into divesting bonds in an Indian bank that was financing a coal mine, shamed HSBC Holdings Plc for failing to hold that same bank to account, and pressured a Japanese lender to announce it would stop funding coal power.