Outflows from the production of hydrocarbons reached $5.2 trillion Bashny.Net

Over the last 5 years investors who have accumulated assets worth more than $5 trillion, fully or partly got rid of the stock oil and other fuel companies. Only in the last 15 months, the volume of divestments doubled, according to a report from research firm Arabella Advisors.The popularity of fossil fuels is gradually reduced, the report proves Arabella Advisors. Investors, whose assets are more than $5 trillion abandon the shares of companies involved in the extraction and processing of hydrocarbon fuel. In the process of divestment takes part 688 of investment funds and companies and almost 60,000 individual investors in 76 countries, analysts estimated.





Originally investing in oil and gas and coal industry has seized the universities, charities and religious organizations, but now the ranks of the supporters fuel divestment joined by the representatives of the traditional financial sector — e.g. pension funds, insurance companies and authorities in many cities.

The growth of outflow of investment from oil, gas and coal sectors affected last year's Paris agreement aimed at combating global warming. Of assets in the hydrocarbon industry have already refused to power Oslo, Paris, Copenhagen, Newcastle (Australia), Stockholm and Berlin. At the end of 2015, the bill and Melinda gates Foundation has sold all of its shares in oil company BP for $186 million.





The General crisis of the coal industry and lower prices for oil and gas also contributed to the decline in the popularity of fuel companies. Some investors redirect their capital from oil and gas and coal industry in the field of renewable energy. In 2015, investments in clean energy reached $329 billion, According to the report, New Energy Outlook 2016 to 2040, renewable energy will attract us $7.8 trillion of investment is almost 4 times more than the fuel industry for the same period. published

P. S. And remember, only by changing their consumption — together we change the world! ©

Source: hightech.fm/2016/12/16/divestment_movement