Long term pain will follow short term gain from fossil fuel investments

A sugar hit from investment in fossil fuels will hurt returns in the long term says a study. (Image: Getty)

Wed, 28 Jun 2023

Investors are incurring huge risks by piling back into fossil fuels, a new report by investment advisory charity Mindful Money says.The July 29 report said there had been a massive spending spree on exploration and developing fields. This was despite the world’s leading climate scientists and others stating there was already enough production capacity available. The charity's analysis shows a significant increase in New Zealand investments in fossil fuel companies. As with many overseas fund managers, "it appears that m...

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