Pattie Lovett-Reid: Ethical investors won’t put up with VW-style fraud


bnn.com | Published September 21, 2015

By Pattie Lovett-Reid

ANALYSIS: Volkswagen Canada has stopped sales of many of its diesel models following revelations the automaker had rigged emissions tests for almost 500,000 diesel cars in the U.S.

The stop-sale order came three days after the U.S. Environmental Protection Agency (EPA) revealed that half a million diesel-powered VWs had been programmed to bypass emission controls, except during emissions tests. The number of cars worldwide is mounting 11m and quite likely will continue to grow.

Never mind the fines and class action lawsuits launched here in Canada and the 20-percent-plus drop in the stock today on top of yesterday’s 18-percent drop. This has become a PR nightmare for the company. Simply put, we care about the environment, and investors won’t tolerate the lack of respect to the consumer, the environment, or even the investor.

In the broader context, sustainable investing or socially responsible investing (SRI), as it has been termed in the past, isn’t just for the earthy, crunchy, nature-loving investors anymore. Sustainable investing is mainstream and very popular with investors, giving them a chance to invest their money and allow it to grow, all the while knowing their investments are doing something good for the world.

SRI is taking on new importance because… read more>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Sweden’s largest pension fund just gave Exxon Mobil and other energy giants a stinging slap on the face

Sweden’s largest pension fund, AP7, has sold its investments in six energy companies that it says breach the Paris climate agreement

Details »

Fund Selector: ESG myths and realities

There are plenty of companies that make a positive contribution to society and the environment that have also performed extremely well.

Details »

Top UK fund manager divests from fossil fuels

Archbishop of Canterbury plays crucial role in BMO Global Asset Management’s decision to dump £20m of shares in firms such as BHP Billiton

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association