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.
Environment
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)
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