A new report by the “Global Fossil Fuel Divestment and Clean Energy Investment Movement” compiled by Araba Advisors has found that close to 1000 institutional investors with $6.24 trillion in assets have committed to divest from fossil fuels. This is up from $52 billion in 2014, representing a 120-fold increase in just four years. Notably developments this year include divestment from the city of New York and the state of Ireland.
