France’s new regulation, which will not allow funds invested in fossil fuel companies with new development plans to use a national ESG label, could result in forced divestments of $7.6 billion (7 billion euros) of oil and gas assets currently held by funds, according to a Morningstar Inc analysis carried by Bloomberg.
Last week, France’s Economy and Finance Minister Bruno Le Maire announced new rules regarding the French ESG label for funds. Under those new regulations, fund managers will not be given the so-called Socially Responsible…Carbon Capture Doesn’t Mean Oil Firms Can Continue Business As Usual
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