Why the stock market will help to combat climate change

Why the stock market will help to combat climate change

There is evidence that businesses profiting from the extraction of fossil fuels are facing market headwinds. Recently, Norway stated its sovereign wealth fund will begin to diversify its holdings away from oil stocks. The new “carbon risk” may lead to stock price declines of companies in the oil & gas sector. If stock prices suffer as a result of carbon risk, the market will effectively help in combating climate change. Continue reading “Why the stock market will help to combat climate change”