NGOs: Institutional investors still hold huge fossil assets

Institutional investors currently hold just over three trillion US dollars in fossil fuel companies – even though many of them have committed to the goal of bringing global greenhouse gas emissions to net zero by 2050. This is according to a new analysis by a number of NGOs. Among them is the human rights and environmental organization Urgewald. For their study, the NGOs analyzed the equity and bond investments of more than 6,500 institutional investors.