AMWatch

Investors managing USD 39trn support fossil fuel divestment

1,500 investment institutions have committed to excluding coal, oil and gas from their portfolios, including US regional pension funds, Harvard University and the Ford Foundation.

Photo: Seth Perlman/AP/Ritzau Scanpix

The pool of potential buyers for fossil-fuel stocks keeps shrinking and shrinking.

About 1,500 investment institutions overseeing a combined USD 39.2trn of assets are now committed to divesting from fossil fuels, according to a report issued Tuesday by DivestInvest. That’s a huge increase from  USD 52bn across 181 institutions in 2014, the first year the group tallied such commitments.

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