Big investors urge G7 to step up climate action, shift from coal

The trend for investors to limit exposure to losses from the coal and fossil fuel industry.

OSLO (Reuters) – Institutional investors with $26 trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington. Steam rises from the cooling towers of Matla Power Station, a coal-fired power plant operated by Eskom in Mpumalanga province, South Africa, May 20, 2018. REUTERS/Siphiwe Sibeko Government plans to cut greenhouse gas emissions were too weak to limit warming as agreed by world leaders at a Paris summit in 2015, they wrote. U.S. President Donald Trump announced a […]

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