Climate change is the single largest motivation of investment institutions to decide to exclude companies from their portfolios, a newly launched ‘exclusion tracker’ shows. Investors have become increasingly wary of investing in ‘sin industries’, which for many now include fossil fuel companies alongside the weapons and tobacco sectors.
4-trillion sovereign wealth fund, the world’s largest, excluded in 2020 the biggest Canadian oil sands producers – Canadian Natural Resources Limited, Cenovus Energy, Suncor Energy, and Imperial Oil, due to “unacceptable greenhouse gas emissions.” The fund’s Council on Ethics recommended excluding the companies because of carbon emissions from production from oil sands— the first time this criterion was applied at the Norwegian fund, which owns, on average, 1.
Sverige Senaste nytt, Sverige Rubriker
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