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

• Author
• Recent Posts

Nina Turner

Nina is a graduate of the Energy Management and Design program at Sonoma State University. She has experience in non-profits that specialize in sustainability and volunteerism. Nina is currently the Energy Program Coordinator and produces the bi-weekly Clean Power Exchange newsletter.

Latest posts by Nina Turner (see all)

• No climate, no deal: The importance of the Civilian Climate Corps - July 1, 2021
• Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic - March 11, 2021
• Petaluma City Council moves to ban new gas stations - March 11, 2021