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Selling fossil fuel assets is no answer to climate change: BCG chair

Lesser urges activists, shareholders to push companies to be more transparent

Boston Consulting Group Global Chair Rich Lesser speaks to Nikkei Asia in Tokyo. (Photo by Sayumi Take)

TOKYO -- One company after another is announcing the sale of carbon-intensive parts of their business -- from energy groups shedding oil and gas fields to electricity generators selling coal-fired plants -- in desperate attempts to hit climate goals. But these sales "don't make the world less carbon-intensive," said Rich Lesser, Global Chair of Boston Consulting Group.

"All over the world, I hear companies saying, 'We're under so much pressure [to improve our portfolio], and people don't want to listen, to understand what we're doing, why we're doing [it] and why it'll take a long time,'" the veteran management consultant told Nikkei Asia.

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