Environment
Amundi Wants Oil, Gas in EU’s New Energy-Transition Fund Class
Key Points
Amundi Wants Oil, Gas in EU’s New Energy-Transition Fund Class Amundi SA wants the European Union to free asset managers to add oil and gas exposures to a new fund category intended to support the transition to a lower-carbon economy. Elodie Laugel, Amundi’s chief responsible investment officer, says excluding fossil-fuel producers from such funds would make it harder for money managers to pressure them to reduce their carbon emissions over time.
Amundi Wants Oil, Gas in EU’s New Energy-Transition Fund Class
Amundi SA wants the European Union to free asset managers to add oil and gas exposures to a new fund category intended to support the transition to a lower-carbon economy.
Elodie Laugel, Amundi’s chief responsible investment officer, says excluding fossil-fuel producers from such funds would make it harder for money managers to pressure them to reduce their carbon emissions over time.