Swiss group Pictet to eliminate fossil fuel portfolio
Swiss private bank and asset
manager Pictet will eliminate its 250 million Swiss franc ($258
million) exposure to fossil fuel producers by the end of this
year, it said, joining a funds exodus amid mounting climate
change concerns.
manager Pictet will eliminate its 250 million Swiss franc ($258
million) exposure to fossil fuel producers by the end of this
year, it said, joining a funds exodus amid mounting climate
change concerns.
Posted by Reuters
