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The world’s most profitable hedge fund is now a climate radical

By Edward Robinson and Nishant Kumar, Bloomberg


British billionaire Chris Hohn of  TCI Fund Management is pushing companies to provide transparency on their carbon emissions and ultimately reduce their environmental impact.

  • Hohn is threatening to call on investors to fire managers and oust board members who do not make promises to reduce their carbon footprint
  • Hohn is also asking banks to stop lending to companies that are ignoring the climate crisis
  • Though Hohn is making calls for emissions reductions and has recently donated to the climate movement Extinction Rebellion, TCI still has investments in industries utilizing fossil fuels
  • Hohn believes that the economic risks of climate change are enormous

The Climate Center’s Business of Clean Energy program helps businesses find ways to become more climate-friendly.

Read More: https://www.bloomberg.com/news/articles/2020-01-22/the-world-s-most-profitable-hedge-fund-is-now-a-climate-radical