"The decision to curb support follows an exodus of major institutional investors from the coal industry in recent years, including Goldman Sachs and Blackrock. Investors are wary of supporting industries that contribute to the climate crisis, and may risk the financial stability of their funds. Norway’s $1.19tn (£950bn) sovereign wealth fund, the largest in the world, has decided to reduce its exposure to oil and gas investments too."
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UK government development bank to end fossil fuel financing: CDC Group’s climate strategy will stop support for most polluting projects in developing countries, by Jillian Ambrose, The Guardian (2 Jul 2020)
https://en.wikiquote.org/wiki/Fossil_fuel_divestment
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Fossil fuel divestment
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