Burning off fossil fuel investments

A group of fund managers are dumping fossil-fuel-related stocks to meet the ethical requirements of their investors. The question is how many more will follow suit.

Be afraid. Be very afraid. That’s the message to companies involved in the exploration, extraction and production of fossil fuels following the sudden snowballing effect of funds announcing divestments from these industries just this week.

Investment bank UBS says in a new report that, following a series of meetings with clients, it sees the fossil fuel divestment campaign as significant and potentially effective.


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