ONE of the world’s largest financiers of fossil fuels just bought a company that oversees 1.7 million acres of forest in the United States, Chile and New Zealand. Is that enough to make it green? The rest of Wall Street may hope so, but the reality is uncertain.
Earlier this month, JPMorgan Chase & Co’s US$2.5 trillion (RM10.39 trillion) asset management arm announced the acquisition of Campbell Global LLC, a Portland, Oregon-based investment manager that focuses on timberland, forestry and natural resources.
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