According to new research, almost 5,000 funds marketing themselves as “ESG” now hold stakes in fossil fuel companies. The funds which all claimed to target ESG goals had together invested more than $134 billion in companies actively pursuing projects expanding the production of hydrocarbons. Bloomberg covers the story.
Following Trump’s election, US companies have been rewriting references to climate change on their websites to align with the President’s new policies. These companies, which include Walmart and Kraft Heinz, have also started to roll back net zero targets. The Financial Times covers the story.
