$33.5 Billion in Fossil Fuel Stocks Found in ‘Green’ EU Investment Funds, Investigation Reveals

Just a hundred business organizations are behind 20% of the conflicts that threaten the health of the environment around the world. Corporations such as Shell, Glencore, Repsol or Bayer-Monsanto, among many others that are reflected in a report by the Institute of Environmental Science and Technology of the Universitat Autònoma de Barcelona (ICTA-UAB). One of the conclusions of this analysis is that these companies, which in most cases are in th…

$33.5 Billion in Fossil Fuel Stocks Found in ‘Green’ EU Investment Funds, Investigation Reveals

An international investigation has revealed that European investment funds branded as “green” under the EU’s Sustainable Finance Disclosure Regulation (SFDR) are holding more than $33.5 billion in fossil fuel stocks, including major oil and gas companies like ExxonMobil, Shell, BP, Chevron, and TotalEnergies. Despite their eco-friendly branding, such as Sustainable Global Stars and Europe Climate Pathway, these funds collectively held over $18 b…

"Green" EU Investment Funds Full of Fossil Fuel Companies - CleanTechnica

First of all, let me note that I’m a big fan of the ESG movement. People should be investing in companies with good environmental, social, and governance (ESG) policies, and the movement to do so has had many strongly positive effects. However, as the movement has scaled up and become ... [continued] The post “Green” EU Investment Funds Full of Fossil Fuel Companies appeared first on CleanTechnica.

Sub-Saharan Africa (ASS) has a deficit in energy financing. As our new research points out (of which I must acknowledge the merit of my colleagues Anne Louise Koefoed and Sujeetha Selvakkumara), Sub-Saharan Africa needs to invest $20 billion a year to provide its citizens with access to clean and affordable energy by 2030. However, this figure [...] The entry Why Africa is investing more and more in fossil fuels is first listed in Forbes Spain.

European "green" funds with names like "Sustainable Global Stars" have stakes in some of the biggest companies polluting the planet

European 'Green' Investments Hold Billions in Fossil Fuel Majors

An anonymous reader shares a report: European "green" funds holding more than $33 billion of investments in major oil and gas companies have been revealed by an investigation, despite fossil fuels being the root cause of the climate crisis. Some of these investment funds used branding such as Sustai...