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To Fight Climate Change, Should Green Investors Reconsider Big Oil?


To Fight Climate Change, Should Green Investors Reconsider Big Oil?
To Fight Climate Change, Should Green Investors Reconsider Big Oil?
by
Kristen Senz
Sustainability funds eschew some of the biggest backers of green technology: oil companies. Research by
Lauren Cohen offers reasons to re-evaluate the role of traditional energy companies in addressing climate change.
Should eco-conscious investors support a company that’s developing innovative solutions to climate change even if that company is also a major polluter?
The market’s answer to this question has been a resounding “no,” as evidenced by the investment policies that exclude traditional oil producers from most so-called sustainable funds. But this stance eliminates some of the most prolific and influential producers of green innovation, including Exxon Mobil, BP, and Chevron, according to recent research by Harvard Business School Professor Lauren Cohen. ....

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