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Exxon Activist Engine No. 1 Starts ETF for Zero-Emission Push

  • Actively-managed NETZ ETF won’t shy away from autos, energy
  • NETZ is Engine No. 1’s second exchange-traded fund after VOTE
Engine No. 1
Source: engine1.com

Engine No. 1 is debuting an actively-managed exchange-traded fund that will invest in companies focused on strategies for deeply slashing the world’s carbon-dioxide emissions. 

The Engine No. 1 Transform Climate ETF (ticker NETZ) will invest in mostly large-cap U.S. listed companies that have a long-term strategy to benefit from the transition to net-zero carbon emissions, the firm said in statement. Keeping in line with the activist firm’s philosophy to enact ESG principles via proxy voting and working with incumbent companies, the fund won’t shy away from investing in industries including automobiles, energy, and agriculture that are heavily tied to the production of greenhouse gases.