Economy

Swiss National Bank Resists Climate Alarmist Push to Change Investment Policies

Swiss National Bank Resists Climate Alarmist Push to Change Investment Policies
Swiss National Bank (SNB) Governing Board member Andrea Maechler attends a news conference in Bern, Switzerland, on Dec. 12, 2019. Reuters/Denis Balibouse
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The Swiss National Bank (SNB) is resisting calls by climate change alarmists to use its massive foreign exchange reserves to fight global warming, governing board member Andrea Maechler said on Thursday.

“Our investment policy must not be a climate policy,” Maechler said, saying the bank did not want climate change considerations to determine how it invested its foreign exchange reserves.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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