$5 trillion investor group sets tougher portfolio carbon targets
In the last few weeks there have been a number of huge global investor groups taking responsibility for encouraging corporations to continue work that would see the global temperature peak above 1.5 degrees. Many of these companies won't take responsibility because they answer to their shareholders. If they aren't making money, then they all lose.
LONDON (Reuters) - Thirty of the world’s largest investors managing a combined $5 trillion (3.8 trillion pounds) said on Tuesday they plan to set targets to lower their portfolio carbon emissions by as much as 29% over the next five years.
All members of the Net-Zero Asset Owner Alliance, a group which includes the biggest U.S. pension scheme CalPERs and German insurer Allianz, are aiming to align their portfolios with the 2015 Paris Agreement on climate change.
Jason Kenney has been whinging for months that companies don't want to do business in Alberta because of all the federal regulations. The truth of the matter is, if the province was showing any inclination to reducing carbon emissions and working to develop clean energy, Alberta would have no shortage of investors.