New tool analysing Gates Foundation, Wellcome Trust, ABP, CPPIB and others shows high costs of not divesting from fossil fuels.
Corporate Knights, together with 350.org andSouth Pole Group, has launched the Clean Capitalist Decarbonizer, an interactive tool that allows users to determine the financial impact of divesting from carbon heavy companies. Using this first-of-its kind tool, Corporate Knights analyzed the investments of 14 funds totaling $1 trillion in assets, including the Gates Foundation and ABP, and determined that the scale of losses over the past three years exceededUS$22 billion.
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