KraneShares ETF seeks ‘low-carbon leaders,’ but dinged on fossil fuel holdings
But while such companies may be low-carbon in the future, they are high-carbon today, said Andrew Behar, CEO of As You Sow, a Berkeley, Calif.-based non-profit shareholder advocacy organization that promotes environmental and social responsibility.
"Many are also expanding fossil fuel operations at the same time as investing in renewables," Mr. Behar said in an email.