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Coal in Europe crosshairs, but still fueling emerging markets

2015-06-08 15:05:17| Climate Ark Climate Change & Global Warming Newsfeed

Business Insider: Companies, banks, and investment funds, primarily European, have been coming out in recent weeks with announcements they will halt investments in coal, a new front in efforts to reduce use of the highly polluting fuel that faces a battle against the hunger for power in emerging markets. The latest move came Friday, when Norway's parliament voted to force its sovereign wealth fund -- the world's biggest -- to pull out of firms that are heavily involved with coal. Earlier in the week, French...

Tags: europe markets emerging coal

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