The Trump effect on environmental investing: Positive?
NEW YORK — Donald Trump’s move into the White House could drive even more dollars into the already hot field of sustainable investing.
Wait, what? Trump has called climate change a hoax, said he’d like to pull out of the Paris Agreement on global warming and suggested rolling back the carbon-cutting Clean Power Plan. Isn’t his victory a sign that Americans don’t believe in climate change?
Regardless of what was said on the campaign trail, a growing number of investors do care about the environment, says Lisa Woll, chief executive of US SIF, a trade group whose membership includes mutual-fund companies, pension funds and others interested in sustainable investing.