Hedge Fund and Insider Trading News: Christopher Hohn, Dan Sundheim, Mario Gabelli, David Tepper, Intel Corporation (INTC), Stamps.com Inc (STMP), and More
A billionaire hedge-fund manager is bankrolling an unprecedented campaign to force dozens of the world’s largest companies to publish carbon-emission reduction plans and put them up for shareholder vote. Frustrated by the pace at which corporations are cutting emissions, Christopher Hohn is backing a global effort to speed things up. He is working with nonprofit groups and investor organizations to get at least 100 of the companies in the S&P 500 stock index to adopt the initiative by the end of 2022 voluntarily if possible and through proxy battles at annual shareholder meetings if not.