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Paris UN Climate Conference 2015: $1Tln in funds exit fossil fuels in 10 weeks

2015-12-02 17:13:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: More than 100 institutions controlling $US800 billion ($1.09 trillion) in funds worldwide have opted to make new divestments of at least some of their fossil fuel assets in the 10 weeks running up to the Paris climate summit, according to campaign groups 350.org and Divest-Invest. The tally brings to $US3.4 trillion the amount of funds under management by firms that support at least a partial sell-off of their holdings of coal, oil or other fossil fuels. The latest to sign up range from the City...

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