Legal and General Investment Management cuts companies including ExxonMobilAn ethical investment operation by the UK’s largest asset manager has dumped shares in a string of US companies it has deemed climate crisis laggards, including oil giant ExxonMobil and insurer Metlife.Legal and General Investment Management (LGIM) said it had cut five companies – ExxonMobil, Metlife, Spam maker Hormel Foods, US retailer Kroger and Korean Electric Power Corporation – from its umbrella of ethical investment funds worth a total of £5bn. Continue reading…
Via: Major global investor drops US firms deemed climate crisis laggards
Categories: English News