The Hedge Fund Industry Gets Its Own Greta Thunberg
Billionaire hedge fund activist Christopher Hohn’s call for firms to come clean about their contribution to global warming is well timed. But it won't be that easy.
Hohn has already put his money where his mouth is now going.
Photographer: Peter Macdiarmid/Getty ImagesThe financial community has spent most of the past decade or so coping with the aftershocks of the global economic crisis. In the coming years, it’s likely to find most of its attention consumed by the need to tackle a far more serious threat — the climate emergency posing a clear and present danger that imperils more than just money.
As envoys from almost 200 nations corralled by the United Nations meet in Madrid to discuss the climate crisis, a billionaire hedge fund activist has weighed in on the need for companies to come clean about their contributions to global warming, and for investors to use their financial firepower to demand action to combat the climate crisis.