SNB Told to End Fracking Investment in Petition Signed by 60,000
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Climate activists handed the Swiss National Bank a petition signed by more than 60,000 people demanding a stop to investments in companies that use fracking technologies to mine oil and gas.
The central bank, which has a quarter of its 641.7 billion francs ($738.4 billion) of foreign-currency reserves in stocks, has invested $9 billion in fracking companies, according to organizations Climate Alliance Switzerland and Eko.