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Fossil-fuel divestment gains momentum with Axa selling coal

2015-05-23 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Frances largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor. Axa SA Chief Executive Officer Henri de Castries said hes working to sell 500 million euros ($559 million) of coal assets and triple green investments to 3 billion euros by 2020. He joined investors in Paris saying companies must act to contain global warming. There is one thing which is absolutely...

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