Hugo Lavallée, portfolio manager, is back to share his contrarian approach to climate leadership. Hugo manages the new Fidelity Climate Leadership Fund, and several other mandates. Global decarbonization is a super trend that has gained popularity in recent years. According to Hugo, Fidelity Climate Leadership Fund was designed to reduce the risks and benefit from opportunities created by this trend. Humans emit 51 tons of greenhouse gasses per year, but changes in consumer trends, price regulation, and government actions will reduce carbon emissions. Additionally, Hugo unpacks the strategy behind the new fund which focuses on investing in companies that are believed to be climate leaders, climate solutions providers and climate reformer. Hugo explains how they work together as an investment framework for the fund. He also explains government considerations and current opportunities for clean technology. Recorded on May 19, 2021.