The world’s two largest money managers have built a combined $170 billion investment portfolio in coal using money from people’s private savings and pension contributions, despite a global push for carbon neutrality, a new report shows. The eye-popping figure pales in comparison to the astronomical $1 trillion in coal investments held by 4,488 institutional investors as of January this year, a report by more than 25 green groups led by German non-profit Urgewald, reveals.
US asset managers BlackRock and Vanguard, the world’s No.1…The World’s Largest Money Managers Hold $170 Billion In Coal Assets
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