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October 10, 2023

Climate change tops reasons for portfolio exclusion

Oil and gas rig platform
Financial Exclusions Tracker says 40 per cent of the companies that have been blacklisted by global investors and banks have links to fossil fuel production (Photo: CloudVisual/Envato)

Thousands of companies blacklisted by international investors and banks have been named in the newly published tracker Concern about climate change and, in particular, fossil fuel production is the “most common” reason behind companies’ exclusion from investment portfolios and bank financing, according to a new study. Research by a coalition of...

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