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.
Fossil fuel divestment movement grows by 120 times in four years
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- Topic: FinanceSociety & citizens
- Other Tags: Behaviour ChangeDivestmentInstitutionsMillennials