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Warwick Thompson says it is vital to reduce reliance on fossil fuels to minimise the risk of strandedassets. “The government needs to ensure the right policy landscape and incentives are in place in the economy for private finance to flow to the right areas, and away from the continued expansion of fossil fuel production,” he says.
As the climate crisis has evolved, so too has the investor landscape on climate-related issues, according to Sylvain Vanston, Executive Director of Climate Investment Research at MSCI. “ In my experience, the positive evolution of climate awareness began around 2013-2014 when asset owners and some banks started recognising the importance of climate-related (..)
The courts, investors , banks and insurers are all making this point and this compelling argument is buoyed by increasing examples of strandedassets. A total of 208 educational institutions have divested their assets from fossil fuels. It is fitting that educational institutions are divesting in droves.
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