Follow the Money: Investors on Climate Change
Posted by Mary Catherine Dunphy (+2641) 7 months ago
"A group of institutional investors calling themselves Climate Action 100+ said it would use its financial clout to raise the issue of climate-related risk with companies.

The group, which comprises 225 investment funds managing more than $26 trillion in assets, said it will focus its efforts on 100 of the world's largest corporate greenhouse gas emitters. The idea is that companies will heed the concerns of major funds because they don't want to be considered a bad investment due to the financial risks that climate change might pose for their business. . . .

. . . . The World Bank, one of the biggest lenders to developing countries, says it will stop funding oil and gas exploration or production projects after 2019."

Read more at:
"Follow the Money: Investors Lead Charge on Climate Change," The Associated Press, December 12, 2017

http://www.nydailynews.co...-1.3693242

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