“Both Citi and BlackRock see potential downsides to withdrawing their funds from fossil fuel companies. And it’s not all about profits, but rather having a say over how those firms navigate what may be arocky clean energy transition, they said.”
[COMMENTARY]I’ve been agreeing for some time now with the opinion that engaging in dialogue with companies who are ESG/fossil-fuel use laggards is a good policy. Also, there’s the added investment benefit that as these laggards implement ESG/fossil-fuel reduction policies the shares of such companies are likely to see better gains than already highly performing companies on those metrics.
Wall Street blunts momentum of fossil fuel divestment, by Andrew Freedman, January 20, 2022, AXIOS, USA.