The environmental protection organization, of all things, is cooperating with the Deutsche Bank subsidiary DWS. The result was an equity fund that was supposedly intended to protect the oceans. Now internal documents show how great the doubts were within the WWF.
What are the shares of Royal Caribbean, one of the largest cruise companies in the world, doing in a stock fund that is committed to protecting the oceans? Or those of a Coca-Cola bottling company, which is one of the world’s largest producers of plastic waste? Or those of a British power plant operator called Drax, which has been criticized for coal-fired power generation and deforestation? What does all this have to do with the ecological and socially just use of the world’s oceans?