The New Statesman
•84% Informative
The world’s largest 90 asset managers currently hold $376bn (300bn) of investments in 15 oil and gas majors.
Just under half (19) of the top 40 asset managers exposed to 15 international oil majors have increased their stake in these firms over the past year, with 17 retaining the same position.
Carbon Tracker argues that by continuing to invest in these oil majors, asset managers risk falling behind the wider economy, which is rapidly shifting towards renewable energy.
Many asset managers like BlackRock claim that their hands are tied when it comes to divesting.
The threat of antitrust allegations forced the Race to Zero campaign to water down its rules on members’ coal commitments last year.
Schroders said it is proud of its approach of “successfully supporting emissions reductions particularly in challenged industries”.
VR Score
82
Informative language
79
Neutral language
76
Article tone
semi-formal
Language
English
Language complexity
67
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
11
Source diversity
8
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