SINGAPORE: Singapore state fund Temasek will consider investing in fossil fuel and other carbon-intensive projects if they make environmental as well as commercial sense, it said on Tuesday, even as it aims to cut portfolio emissions to net zero by 2050.
"One of the things we realised when we set this original (net-zero) goal for ourselves, it does create an incentive to invest only in low-carbon emitting industries," said Temasek chief investment officer Rohit Sipahimalani.
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