Former US vice-president, Al Gore, has teamed up with the former head of Goldman Sachs Asset Management (GSAM), David Blood, to launch a new asset manager, which will prioritise tackling climate change.
The new firm, Just Climate, says its mission is to achieve the limiting of global temperature rise to 1.5°C by "directing and scaling capital towards the most impactful climate solutions". Blood told the Financial Times the new investment group would focus on private markets and back companies and projects for periods of up to 15 years. In a press release he said the company had been founded to "do the hard yards of addressing the most difficult to decarbonise segments of the global economy that investors have ignored till now". Listed companies have less than six years to align ...
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