ATP pursues optimal climate effect: The future's green winners may be black today
The Danish pension fund is now shifting its investment approach and says it would be better for the climate and returns if pension savings were to be invested in power utilities working intensely on climate adaption yet for which green objectives remain further on the horizon.
BY JETTE AAGAARD
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Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.
The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.