Pension companies will squeeze oil giants
Oil and gas companies have invested billions in oil which cannot be sold if the world meets climate reduction targets set out in the Paris deal.
BY POLITIKEN
Some of the world's largest oil and gas companies have vast sums located in oil reserves, which will offer few financial returns if the climate reduction targets in the Paris climate deal are upheld. This is the conclusion of a comprehensive report published Wednesday by Danish pension fund PKA together with four other European pension funds, reports Danish newspaper Politiken.
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