"Historic new research from CDP, voted no. 1 climate change research provider by institutional investors, in collaboration with the Climate Accountability Institute, today reveals that 71% of all global GHG emissions since 1988 can be traced to just 100 fossil fuel producers. This group is the source of 635 billion tonnes of GHGs emitted since 1988, the year human-induced climate change was officially recognized. The data also shows that 32% of these legacy emissions come from companies that are public investor-owned, highlighting the power of investors in the transition to a sustainable economy."
Michael Brune, executive director of US environmental organisation the Sierra Club, says: "Investors should move out of fossil fuels . . . Not only is it morally risky, it’s economically risky. The world is moving away from fossil fuels towards clean energy and is doing so at an accelerated pace. Those left holding investments in fossil fuel companies will find their investments becoming more and more risky over time.”
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RESPONSIBLE ENDOWMENTS COALITION