Fossil-Fuel Divestment Tops $3.4 Trillion Mark, Activists Say

  • As Paris climate talks start, figure jumps from $2.6 trillion
  • Insurer Allianz, Australian pension funds among latest to join

Fossil-Fuel Producers Suffer Market Climate Crisis

Insurers, cities and other investors controlling more than $3.4 trillion in assets have pledged to keep some or all of their money out of fossil-fuel companies -- a high-water mark for the divestment movement, according to climate-change advocates.

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