Leading investors urge governments to end support for fossil fuels

Leading investors urge governments to end support for fossil fuels

Group controlling $41tn in assets sign joint statement calling on world leaders to bolster net zero targets

Investors controlling $41tn (£29tn) in assets have called for governments around the world to end support for fossil fuels and set targets for rapid reductions in carbon emissions to limit the damage from global heating.

The 457 investors, who hold almost a third of world’s assets under management, signed a joint statement calling for governments to “significantly strengthen” their plans to cut carbon emissions in the next decade and to bring in detailed targets for net zero emissions by 2050 or sooner.

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