Despite Rhetoric, Direct Sovereign Wealth Fund Investments Fall Flat in Renewables
Despite Rhetoric, Direct Sovereign Wealth Fund Investments Fall Flat in Renewables Posted on 02/08/2021 The wealth of the world’s largest sovereign wealth funds is substantially built from fossil fuels such as oil and gas. Following the logic that oil and gas pollution contribute to the global warming of the planet, sovereign wealth funds could be perceived as a financial contributor to climate change, similar to companies like ExxonMobil, BP Plc, and Chevron. Since 2008, Western policymakers and college professors have urged sovereign wealth funds to use their oil and gas wealth to fund re...