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European 'Green' Investments Hold Billions in Fossil Fuel Majors
An anonymous reader shares a report: European "green" funds holding more than $33 billion of investments in major oil and gas companies have been revealed by an investigation, despite fossil fuels being the root cause of the climate crisis. Some of these investment funds used branding such as Sustai...
An anonymous reader shares a report: European "green" funds holding more than$33 billion of investments in major oil and gas companies have been revealed by an investigation, despite fossil fuels being the root cause of the climate crisis. Investors claim that holding a stake in a company allows them to influence the firm's pursuit of climate goals. The investment firms with the biggest stakes in fossil companies in their green funds were JP Morgan, BlackRock and DWS in Germany.
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