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Powerful financial players are still investing in the fossil fuel industry. Yet these investments are no longer legally defensible, write Bevis Longstreth and Connor Chung in the Viewpoint. A decision by the billionaire Harvard Foundation could now have far-reaching consequences for institutional investors.
By Redaktion Table
A joint declaration on the global phase-out of internal combustion vehicles from 2040 onward is not only finding supporters at the UN Climate Change Conference. Germany is hesitant, Volkswagen rejects the agreement. Meanwhile, Greenpeace announces it will sue the carmaker for insufficient climate protection measures.
By Timo Landenberger