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Investors turning away from fossil fuels

Climate News Network 30th July 2017, Shares in major oil and gas companies are expected to plunge in value in
the next three to five years because of climate change-related financial
risks, meaning more investors will spurn fossil fuels.
This is the verdict of British asset managers who control billions of pounds of investments in
stock markets.
It could have serious consequences for many thousands of
people whose pension funds have invested in these companies, as well as
many institutions and charities which rely on dividends for their income,
according to a report by the Climate Change Collaboration (CCC), a group of
four UK charitable trusts.

July 31, 2017 - Posted by | business and costs, climate change, UK

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