Oil and gas pile-on could match the tech scramble of 2020
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The funds management industry got a few minutes in the sun, led by Legal & General Investment Management, Zurich Insurance and the Institutional Investors Group on Climate Change.
Can you buy oil and gas stocks and still go green?
AP
The IGCC used its slot to spruik a new initiative it co-launched on Friday, called Net Zero Asset Managers – a starting line-up of 30 big players with $US9 trillion ($12 trillion) under management, among whom the Australian presence is IFM Investors.
They are prepared to go where Morrison seems reluctant to tread: setting strict targets for the proportion of assets to be managed in line with the attainment of net zero emissions by 2050 or sooner .