EnergyWatch

Managers of USD 5 billion have sold out of black energy

Capital managers who have committed to move their investments away from certain types of black energy, now represent double the fortune compared to 15 months ago.

Photo: ritzau/Arkiv/Niels Hougaard

A total 688 institutional investors and approximately 60,000 private individuals, who altogether manage a fortune of approximately USD 5 billion, have now committed to move their investments away from black energy, according to an estimation from consultancy firm Arabella Advisors as reported by Danish daily Børsen.

The capital managers, who have committed to sell out of black energy, now represent a fortune twice as large as 15 months ago.

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