Temasek doesn't rule out fossil fuel investments on road to net zero

Temasek doesn't rule out fossil fuel investments on road to net zero

A Temasek signage is pictured at their annual Temasek Review in Singapore July 11, 2023. REUTERS/Edgar Su/File Photo

Singapore state fund Temasek will consider investing in fossil fuel and other carbon-intensive projects if they make environmental as well as commercial sense, it said on Tuesday, even as it aims to cut portfolio emissions to net zero by 2050.