Is Bill Gates right about the “zero” climate impact of fossil fuel divestment?
10/03/19
Author:
Belinda Gan
Investment Director, Global Sustainability
Billionaire Bill Gates, known for his many philanthropic initiatives, is becoming increasingly vocal on climate change. He’s made it clear that he believes fossil fuel divestment – selling share of fossil fuel companies – is ineffective in the fight against global warming. This is an area where Schroders has recently undertaken in-depth research.
Our view? There’s some truth to it.
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