'Money talks': A $1.2 trillion fund manager is about to pull investment from companies that won't act on climate change

Legal and General, which oversees more than $1.2 trillion in assets, said it would punish companies with a bad record on climate change and strip them of their funding. Helena Morrissey, head of personal investing, said the firm will be “naming and shaming” companies that have failed to act on climate change next week, and pull investments from those companies. “There comes a time when talk is over, and it’s time to vote with our feet. Money talks as they say,” Morrissey said at a conference in London on Monday.

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