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Business Columnist Terry McCrann says it is “activism” for the biggest US hedge funds to warn Australian financial regulators that investors may begin short selling heavy emitters to meet net-zero targets. “This is clearly trying to pressure companies to not invest in the sort of things that the investors, these investors, think is inappropriate or not woke,” Mr McCrann told Sky News host Peta Credlin.
“Can we ever get back to world where people actually just do the job their supposed to be doing? “Investment managers should be managing money to make a profit for their investors but unfortunate I have to answer my own question. “We’re not going to go back to that world, we’re just going to have more and more of this outrageous behaviour.”