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billion in AuM – informed Kentucky State Treasurer Allison Ball and Attorney General Daniel Cameron that it would not divest, as instructed, from asset managers, including BlackRock, as it would violate its fiduciary duty.
A 2010 US study showed that stopping burning coal could be done by 2030 with renewables and energy efficiency. Now, installing new wind turbines or solar farms is cheaper than keeping coal fired plants, as per the investment bank Lazard. This basically kills the business case for coal. Our future can be coal-free.
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