The Guardian: Damian Carrington and Emma Howard:
23 Sep 2015
Over 2,000 individuals and 400 institutions are now committed to pulling their money from fossil fuel companies, together representing a remarkable $2.6 trillion of investments. The value of the funds committed to selling off their investments in coal, oil and gas companies has rocketed in the last year, rising 50-fold. Major pension funds and insurance companies have joined the universities and churches that founded the divestment movement, all of whom fear the impact of climate change on both the world and the value of their investment portfolios. Among the biggest divestors are the world’s biggest sovereign wealth fund, held by Norway, and two of the world’s biggest pension funds, in California.
(One trillion = one million million: Wikipedia)
Key Words: Divestment
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