Hedge fund veteran slams green ‘echo chamber’

Ubben: Getting companies like Exxon invited is a clear goal because carbon-emitting companies haven’t been part of the conversation thus far. — Reuters

LONDON: Jeff Ubben, the veteran hedge fund manager who’s just closed his sustainable investing firm, is calling out what he’s dubbed the “echo chamber” of traditional climate summitry.

The 62-year-old, whose Inclusive Capital Partners told clients last week it was selling investments and returning their money after not being “rewarded” by markets, said he’s worried about what he describes as entrenched points of view preventing progress in climate talks.