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Climate activist warns against divestment of fossil fuel assets

The founder of Engine No.1, an activist organization, states that simply divesting fossil fuel investments does not help the world's energy consumption become more sustainable. (corrected)

Photo: LUCAS JACKSON/Reuters / X90066

(Corrected: The article previously stated that Chris James was the co-founder of Engine No.1. He is the sole founder. AMWatch apologies the mistake)

It is dangerous to simply divest black assets in favor of green ones, and more focus needs to be placed on transitioning companies, says Chris James, founder of activist organization Engine No. 1, Danish financial media Finans reports based on a presentation at COP26.

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