Climate Changed
Big Money Turns Saving the Planet on Its Head
- BlackRock, Brookfield question value of oil-and-gas divestment
- Energy stocks are on a tear with oil approaching $100 a barrel
Source: Getty
This article is for subscribers only.
Calls to end fossil-fuel investments seem to come from just about everywhere -- Harvard University, the Vatican and big philanthropies like the Ford Foundation.
So it might be a surprise that some of the world’s biggest money managers have adopted the exact opposite line. To save the planet, they say, don’t dump those holdings.