LGIM blasts ‘dangerous’ netting of short positions on carbon emitters
Netting shorts on big polluters distracts investors from task of persuading firms to slow climate change
Investors that use their short positions on oil producers and airlines to reduce the carbon emissions of their portfolios – a practice adopted by AQR – are distracting themselves from taking the actions that will help avert the climate crisis, according to Legal & General Investment Management.
Reporting low or even negative carbon emissions on funds does little to increase companies’ cost of
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