Green Stock Index Rejects Natural Gas Along With Oil and Coal
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Since U.S. climate legislation failed in 2010, environmentalists and like-minded investors have begun campaigning to get investors to avoid fossil-fuel stocks. It’s worth putting the scale of that challenge in perspective.
The Natural Resources Defense Council this week announced a partnership with the FTSE Group, a leading creator of stock indexes, and BlackRock, the world’s largest asset manager. They will develop a global stock index for climate-minded investors that excludes coal, oil and natural gas companies, and any others that profit from extraction, a first, according to NRDC.