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Today, UBS Asset Management announced that it would divest from five energy companies, including ExxonMobil, because these companies are not adequately addressing climate change concerns.
Today, UBS Asset Management announced that it would divest from
five energy companies, including ExxonMobil, because these
companies are not adequately addressing climate change
concerns.
This action by a private sector actor demonstrates the
increasing pressure facing fossil fuel companies, not only due to
government regulation, but because of the pressures of the
marketplace, as investors are increasingly sensitive to
environmental concerns.
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