Investors with $2.8 trillion in assets unite against Donald Trump’s climate change denial | The Independent

The world’s biggest investors are joining forces to unite against Donald Trump in the fight against climate change.The US President has repeatedly denounced climate change as a hoax peddled by China and has pledged to relax environmental regulations, spur investment in fracking and sack half of the staff at the US Environmental Protection Agency.

But as G20 foreign ministers meet on Thursday to prepare for a climate change summit in Hamburg in July, managers of funds with assets totalling more than $2.8 trillion – more than the entire annual GDP of the UK – called for leading economies to phase out fossil fuel subsidies within the next three years to avert a catastrophe.  The world must accelerate green investment and set a clear timeline “for the full and equitable phase-out by all G20 members of all fossil fuel subsidies by 2020,” the 16 signatories wrote.

Source: Investors with $2.8 trillion in assets unite against Donald Trump’s climate change denial | The Independent

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s