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Investors in fossil fuels announce plans to divest $39.2 trillion

About 1,500 investment institutions overseeing a combined $39.2 trillion of assets are now committed to divesting from fossil fuels

Fossil Fuel, Coal
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A goods train carrying coal (Photo: Bloomberg)

Alastair Marsh | Bloomberg
The pool of potential buyers for fossil-fuel stocks keeps shrinking and shrinking.
About 1,500 investment institutions overseeing a combined $39.2 trillion of assets are now committed to divesting from fossil fuels, according to a report issued Tuesday by DivestInvest. That’s a huge increase from  $52 billion across 181 institutions in 2014, the first year the group tallied such commitments. 

So far in 2021, the $16 billion Ford Foundation, started by the son of Henry Ford and now one of the largest private family foundations in the world, said it will cease to invest in fossil fuels. Harvard University made a similar

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First Published: Oct 26 2021 | 1:18 PM IST

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