The Net-Zero Asset Owner Alliance, a group made up of members from the banking, insurance, and investment sectors with $11 trillion of assets under management, called on its members on Wednesday to align their oil and gas policies to a 1.5-degree Celsius pathway, which cannot be achieved if there are new upstream infrastructure investments in new oil and gas fields.
“On private asset investment in new unabated oil and gas infrastructure, investors, including Alliance members, shall align with credible 1.5°C net zero scenarios. This cannot…$11 Trillion Investor Group Urges Members Not To Fund New Oil And Gas Projects
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