Most Pension Funds Opt to Divest All Fossil Fuels: BNEF Chart

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When pension funds decide to divest from fossil fuels, they don’t stick to coal, or tar sands. They go whole hog, with the majority of the 119 funds with such commitments choosing to divest from all forms of fossil fuels. This presages bad news for oil and gas companies, who don’t typically face the same divestment and lending phase-out pressure that is hurting the thermal coal industry. New York State Common Retirement Fund and Forsta AP Fonden are among the largest to commit to divest fully.

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