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Fossil fuel investments cost major funds billions

2015-11-16 15:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Corporate Knights, together with 350.org and South Pole Group, has launched the Clean Capitalist Decarbonizer, an interactive tool that allows users to determine the financial impact of divesting from carbon heavy companies. Using this first-of-its kind tool, Corporate Knights analysed the investments of 14 funds totaling $1 trillion in assets, including the Gates Foundation and ABP, and determined that the scale of losses over the past three years exceeded US$22 billion. The analysis covered recent...

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