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Investment in Australian resources industry likely decline as climate concerns grow

2014-10-13 08:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Canberra Times: Something very significant is happening in the financial world. It's waking up to genuine climate and carbon investment risks and this money is beginning to talk. The Rockefeller Brothers Fund, derived from the world's biggest and best-known oil baron, is refusing to invest in fossil fuels. Stanford University announced in May that its endowment funds wouldn't directly invest any more in coal companies. Norway's sovereign wealth fund, the world's largest, is reviewing its stand and will report...

Tags: resources industry investment concerns

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