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Finance

Climate Crisis? Fund Managers Are Sticking With Fossil Fuel

A new report alleges broken promises on the part of bankers and asset managers who just a year ago pledged to fight global warming.

Oil Slips Following Two-Day Gain With Demand Outlook In Focus
Photographer: Kyle Grillot/Bloomberg

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None of the world’s largest asset managers has definitively called on fossil-fuel companies to stop the development of new oil and gas projects.