Finance
Fossil Fuel Firms Not Doing Enough on Emissions, Funds Say
- Just seven companies in line with climate pledges: TPI study
- World still heading for 3.2 degrees Celsius of warming: UNEP
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None of Europe’s largest oil, gas and coal companies are on track to limit global warming to within 2 degrees Celsius, according to a report by money managers overseeing more than $22 trillion.
Energy and mining companies have been under increasing pressure, from both environmental groups and their own investors, to demonstrate how their business models align with the Paris climate agreement and to show they’re taking action to curb their emissions.