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Divestment efforts starting to hit coal and oil firms

2015-09-27 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: Pension funds and other institutional investors are growing wary of an increasing "carbon risk" faced by coal and oil companies which confront a divestment movement that has gone mainstream and an uncertain future of climate-related regulations. Investors managing some $2.6-trillion (U.S.) in assets have signalled their intention to shift focus away from fossil fuels, a report released at a United Nations climate session this week states. And resource companies will likely face more bad news later...

Tags: hit starting efforts oil

Category:Electronics and Electrical

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