(Bloomberg) -- Crude oil's supply issues stem in part from the ESG mandates of pension funds, as the latter are asking producers to cut back on fossil-fuel output, Ark Investment Management LLC founder Cathie Wood said in a Bloomberg Intelligence webinar.
- So producers aren't meeting an increase in crude prices with extra output, she said
- Wood said she expects Tesla Inc. to be the winner from the robo-taxi sector in the U.S.
- Read more: Ark's Wood Doubles Down on Deflationary Outlook in Reply to Musk
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