Managers of some of the biggest pension funds in the world are worried about the profitability of fossil fuel companies, according to a report from The Associated Press (via NPR).
In a statement released Thursday, leaders of 70 funds said they’re asking 45 of the world’s top oil, gas, coal and electric power companies to do detailed assessments of how efforts to control climate change could impact their businesses.
Oregon’s treasurer was one of dozens, representing $3 trillion in funds, who signed on to the statement. They are asking for the studies to be completed by the spring.
— Toni Tabora-Roberts
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