Be careful with lulling us into a false sense of security
Sir, Douglas Ferrans and Peter Scales write that “Investors are taking the lead to help save the planet” (October 4) and argue that “how quickly [the institutional investors] move their investments from high carbon to low-carbon companies will, to a large extent, determine our success in mitigating global warming. We need to make sure though this does not just become another script for a massively expensive Hollywood production about some world saving heroes.
Of course it is good that investors act responsibly but, if some of them are allowed to keep on maximizing pure financial returns, without any consideration of the environment, then our heroes will just fade away and all this brouhaha has served the unnoble purpose of lulling us into a false sense of security. I am certain the authors are aware of the risk.
Douglas Ferrans Peter Scales global warming
Of course it is good that investors act responsibly but, if some of them are allowed to keep on maximizing pure financial returns, without any consideration of the environment, then our heroes will just fade away and all this brouhaha has served the unnoble purpose of lulling us into a false sense of security. I am certain the authors are aware of the risk.
Douglas Ferrans Peter Scales global warming
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