鈥淐oal stocks are toxic鈥� 鈥� guest commentary
Investors should get rid of coal company shares, such as those of German utility RWE, as these are risky at times of planned coal-exits around the world, writes Jan Erik Saugestad, CEO of Storebrand Asset Management, Norway's largest private asset manager, in a guest commentary in WirtschaftsWoche. 鈥淐oal stocks are toxic, and if an energy company expands its coal activities, there is only one option for us: exit.鈥� Rising costs for CO鈧� emissions will further lead to investors leaving energy companies that rely on coal, writes Saugestad.
Find the guest commentary in German .
For background, read the 威力彩玩法 article German financial sector expects EU standards to boost green finance and the interview Germany laggard in assessing fossil investment risks - Deutsche B枚rse.