In Glasgow, Financiers Vow to Shift Investments from Fossil Fuels to Renewables

Follow the money. Whatever politicians promise, what matters is where investment goes. Does it finance coal or wind power, deforestation or ecological recovery? So the announcement, on day three in Glasgow, that financiers who control 40 percent of the world’s corporate assets, with a value of $130 trillion, are promising to set their future investments toward achieving net-zero greenhouse gas emissions in 2050, is clearly a big deal.

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