Fossil Fuels

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.

Climate News Network 30th July 2017 read more »

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Published: 31 July 2017