Steam rises from the Lethabo coal-fired power station near Sasolburg, South Africa. Top global funds are still investing coal mining and companies deploying so-called ‘brown technologies’. Photo: Reuters

Investment funds controlling US$37 trillion in global assets are failing to meet climate goals, says think tank InfluenceMap

  • Analysis of 50,000 listed funds controlled by 150 finance giants found US$8.2 trillion of holdings in oil and gas, coal mining, car manufacturing and electric power
  • Funds were still tending towards investing in companies deploying so-called “brown technologies”, and that they were under investing in renewables and other green tech
Topic |   Banking & Finance

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Steam rises from the Lethabo coal-fired power station near Sasolburg, South Africa. Top global funds are still investing coal mining and companies deploying so-called ‘brown technologies’. Photo: Reuters
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