Fund managers defend holdings of Russian ‘carbon bombs’

At least five SA companies are invested in these fossil fuel firms but some argue they should not be vilified

Some of SA’s most respected asset management firms have defended their holdings of so-called Russian carbon bombs, fossil fuel companies in the country estimated to have more than a gigatonne of potential carbon dioxide emissions.

The rather inflammatory descriptor of investments in Russian fossil fuel companies is the work of LINGO , a Germany-based climate activist group that has an online database of asset managers invested in the controversial assets...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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BDliveSA /  🏆 12. in ZA

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