26.06.2015 - Responsible investment: Vice versus nice
The movement to divest from fossil fuels has some powerful friends. Last month Norway’s sovereign wealth fund, the world’s biggest, announced that it would sell all its stock in coal companies, following an example set by several big university endowments, such as Stanford’s. These big asset owners have huge influence over the fund management industry, and this month they were even joined by Pope Francis, whose encyclical on climate change nodded to the power of social boycotts...............................................Full Article: Source
Print