Summary: A number of global and local institutions have announced that they are reducing their exposure to fossil fuels on financial grounds, with pure-play coal stocks coming under focus. Other institutional investors are quietly positioning their portfolios or considering the best response. Actions range from full divestment to partial selling or engagement with companies.
Key take-out: Although no-one knows exactly when climate change will become an issue affecting investors, some investors are moving now to avoid being the last one out.
Key beneficiaries: General investors. Category: Coal.