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

By Edward Robinson and Nishant Kumar, Bloomberg


Highlights:

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

Nina Turner
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