Former vice president Al Gore runs a $36 billion investment fund dedicated to environmental and social sustainability.
The "Mission-led firm" that claims to "Seek transformational change needed in climate and social action" has investments in companies that profit from Chinese slave labor and help the Chinese Communist Party censor the internet.
Generation defends its Chinese investments on the grounds that the companies have pledged to curtail carbon emissions.
Yang is a member of the Chinese People's Political Consultative Conference, a political advisory committee for the Chinese government and Chinese Communist Party.
Generation likes Anta because of its "Successful brand platform, excellent management team, and long runway for growth." But Gore's firm is well aware of longstanding concerns about the apparel giant's link to slave labor.
"Sustainable investing can at times raise challenging issues, and we have recently been grappling with one at Anta Sports," Generation said in its investor letter, acknowledging allegations that the apparel maker uses cotton made from slave labor in China's Xinjiang province.
Like Gore, he has investments in controversial Chinese firms, including one linked to labor abuses against Uyghurs.
Saturday, May 28, 2022
Inconvenient Truth: Al Gore's 'Woke' Firm Invests in Chinese Slave Labor
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment