SIF: Chuka Umunna warns of 'huge' funding gap for net zero

Former MP says divestment cannot be a single solution and banks must work together

Anna Fedorova
clock • 2 min read
Chuka Umunna speaks at Sustainable Investment Festival
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Chuka Umunna speaks at Sustainable Investment Festival

Chuka Umunna has spoken out against the argument of divesting from coal as a “simple solution” to the climate crisis, arguing this tactic is “nonsense and will be counterproductive”.

Speaking at the Sustainable Investment Festival today (22 June), the former MP and now JP Morgan managing director and head of EMEA ESG noted there is a huge gap between the funding needed to help the...

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