Why do asset managers backing net zero still have $417bn invested in oil and gas majors?

Net Zero Asset Managers signatories are risking their own reputation as well as their client's investments by continuing to back oil and gas majors to the tune of hundreds of billions of dollars, Carbon Tracker has warned. Leading asset managers collectively responsible for trillions of dollars of their clients' investments worldwide still have $417bn invested in a handful of the world's largest oil and gas companies, leaving them at risk of misleading their clients and exposing investors to stranded asset risks. That is the warning shot sounded by Carbon Tracker in fresh research tod...