The net zero carbon emissions movement has finally entered the mainstream for investment professionals. Despite a U.S, delegation declaring its intention to burn more fossil fuels at an environmental conference in Poland, sounding like the energized, fossil fuel advocate and former Alaska governor Sara Palin saying, “Carbon? You betcha!”, on December 20 a group of 93 institutional investors with $11.5 trillion under management published a letter in the Financial Times. The letter stated strongly that “we require power companies… to plan their future in a net zero carbon economy…. We expect specific timelines and commitments…” These institutional investors, typically a fairly conservative group, stated more or less accurately that the electric power generating sector accounts for one-quarter of global carbon emissions. And that sector had better clean up its act, so to speak, and do it with relative haste. For example, the investors want all coal-fired power generation owned […]