Sunday, November 27, 2016

EU PENSION FUNDS MUST NOW ASSESS CLIMATE RISK

   The cash strapped European Union has usurped greater control over three trillion Euros of private pension funds, by issuing a directive which requires EU based funds to consider “Climate Risk” as part of the basis of their investment decisions.
   EU pension funds will have to include environmental risks in their investment strategies, under a law passed on Thursday, that ecologists hope will encourage money to flow out of fossil fuels and into greener sectors.
 

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