Sovereign wealth funds wade into the energy transition
Significant investment power is held within a few state-owned reserves but these conservative sovereign funds are only just beginning to notice the potential returns of clean energy after decades of profiting from fossil fuels
A shift towards sustainable investing among sovereign wealth funds could serve as a bellwether for national attitudes towards the energy transition
FOSSIL FUELED Many large sovereign funds are flush with petro-dollars but are now looking for future-proof investments
GREEN BACKING The funds are increasingly diversifying into clean energy—but long after their private counterparts
KEY QUOTE Sovereign wealth funds are starting to emulate private sector investors in retreating from fossil fuel investments ...
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