The Ethics Of Energy

Jeremy Grantham puts down a marker on climate change investing; The spike in the coal price underlines the challenge investors face in dealing with climate change

Dan McCrum, April 2, 2017 (Financial Times)

“…[Climate change raises serious questions for] portfolio managers around the world: when, and how, should investors take climtarget="_blank"ate change into account when deciding what to buy and sell?...[They] used to be shunted to teams responsible for developing policies on environmental, social and governance issues…[but the potential consequences for financial stability from climate change require] a reassessment of the value of a large range of assets as costs and opportunities become apparent…[Divesting all polluters could result in having an empty] portfolio…[Too little commitment leaves those concerned] wanting better options and data…The point is that analysis and activism start to collide as investors are forced to consider both the potential effects of climate change and the weight of money taking account of carbon…[but there] are really successful areas to be involved with…” click here for more

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