Ignoring Carbon Cost ‘Bad Investment Decision,’ David Blood Says
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David Blood, who co-founded Generation Investment Management LLP with Al Gore, said investors should stop giving money to companies that don’t account for the cost of pumping carbon into the atmosphere.
“We’re still seeing businesses assume that there’s no price on carbon,” Blood, a former Goldman Sachs Group Inc. executive, said today at the Bloomberg New Energy Finance conference in New York. “Allocating capital to companies that don’t know the price of carbon is a bad investment decision.”