Leaders of multiple investor focused firms and groups recently wrote to UK Prime Minister Rishi Sunak issuing a warning against diluting Britain’s current climate policies.
The warning message was issued on September 28, and asked the UK government to reconsider its recently announced plans to slow the phase out of all-new internal combustion engine (ICE) car sales and gas-powered boilers, and instead keep its plans in place to toughen up targets regarding the energy efficiency of British homes.
The government initiatives, along with giving the go ahead to brand-new oil development projects based in the North Sea, have been directly criticised, especially as they have arisen ahead of the upcoming talks on global climate issues, where nation heads all over the world are now being urged to reduce emissions at a faster rate.
During the announcement of plans to see ICE vehicle sales banned five years later than originally intended, the British Prime Minister stated he sought to ease costs that UK households could not cope with.
The investor group urged the UK Government to uphold its previously stated plans and to avoid backsliding on important climate policies. It added that without strong incentives in the form of government policy, a substantial risk existed that potential investment would be given to counties and regions demonstrating that they are adopting a consistent approach with the long term in mind.
Ethical investors based in the UK often reach out to specialists and portfolio management in Chester, London, and other cities for support. Wealth managers help their clients select specific ESG assets to build an investment portfolio that reflects their individual morals.
