Environment
Step Up on Climate Change or Risk Divestment: Billionaire Warns Companies

(Bloomberg) –TCI Fund Management Ltd., the firm run by billionaire hedge fund manager Christopher Hohn, warned companies in its portfolio to step up their climate-change action or risk divestment.
The London-based money manager, which oversees more than $30 billion of assets, sent letters to firms including Airbus SE, Charter Communications Inc. and Moody’s Corp. demanding better disclosure on greenhouse gas emissions, according to its website. The Financial Times reported on the letters earlier.
“We expect companies in which we invest to have a credible, publicly disclosed plan,” said the letters dated Nov. 30. “We will also evaluate divestment where a portfolio company refuses to disclose its emissions.”
Read: Top polluters head to global climate talks. Here’s what to expect
TCI’s warnings come as investors ramp up scrutiny of their holdings’ environmental impact. Hohn has personally and through the Children’s Investment Fund Foundation donated 200,000 pounds ($258,000) to Extinction Rebellion, which organized mass protests in central London in a push to urge politicians to reach zero emissions worldwide by 2025.
Read: Those Amazon returns? They’re killing the environment.
The money manager is known as an activist investor, taking stakes in companies and agitating for change to boost their share prices. One recent campaign involved seeking to revamp the management at the London Stock Exchange Group Plc.
-
News2 months ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines2 months ago
OER, February 25
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, February 2025
-
Energy2 months ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
Banking & Finance2 months ago
Sohar International Appoints Abdul Wahid Mohamed Al Murshidi as Chief Executive Officer
-
Energy2 months ago
Oman Gets Its First Hydrogen Refueling Station
-
News2 months ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
-
News2 months ago
Oman Explores Semiconductor & EV Investments with EONH Private Holdings & Jetour Global