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Does big money really believe green is good?

Global titans of finance laud the climate transition as a historic opportunity but remain invested in the fossil fuel industry to the tune of hundreds of billions of dollars.

When a man sitting on nearly $9 trillion dollars of funds speaks, CEOs, investors and politicians listen.

In late January, Larry Fink, boss of the world’s largest hedge fund, BlackRock, announced in his annual letter that "climate risk is investment risk. But we also believe the climate transition presents a historic investment opportunity.”

He's not alone in championing big money's green awakening, but the titans of finance remain invested in the fossil fuel industry to the tune of hundreds of billions of dollars. So does the rhetoric marry with reality?

Guests:
Caroline Le Meaux - Head of ESG Research, Engagement, and Voting policy at Amundi
Jeanne Martin - Senior Manager at Share Action
Vishala Sri-Pathma - BBC business reporter

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24 minutes

Last on

Mon 15 Feb 202121:06GMT
BBC World Service Australasia, East and Southern Africa, South Asia, West and Central Africa & East Asia only

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  • Mon 15 Feb 202104:06GMT
    BBC World Service
  • Mon 15 Feb 202109:06GMT
    BBC World Service
  • Mon 15 Feb 202113:32GMT
    BBC World Service East and Southern Africa & West and Central Africa only
  • Mon 15 Feb 202120:06GMT
    BBC World Service Americas and the Caribbean, UK DAB/Freeview, News Internet, Europe and the Middle East & Online only
  • Mon 15 Feb 202121:06GMT
    BBC World Service Australasia, East and Southern Africa, South Asia, West and Central Africa & East Asia only

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