Fossil fuel industry still winning the investment war, experts say

(guardian-, 29 Jul 2015) Fossil fuel divestment campaigners still have work to do, meeting held by Sainsbury Family Charitable Trusts is told. Climate News Network reports.

There’s sobering news for campaigners trying to persuade investors to withdraw their funds from the fossil fuel industry: UK experts say their efforts are unlikely to achieve enough quickly enough.

One expert, using the term often applied to the global energy industry, told a meeting in London: “The incumbency is winning the cold war.”

Senior members of asset management firms and carbon risk specialists were invited this week by a prominent British charitable foundation, Sainsbury Family Charitable Trusts, to discuss the prospects for divestment and the attitudes in the City of London to attempts to match investment policies with avoidance of climate change risks.

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guardian-, 29 Jul 2015: Fossil fuel industry still winning the investment war, experts say