"Investors with more than $15 trillion of assets under management urged governments led by the United States to implement the Paris climate accord to fight climate change despite U.S. President Donald Trump's threats to pull out.
"As long-term institutional investors, we believe that the mitigation of climate change is essential for the safeguarding of our investments," according to the letter signed by 214 institutional investors and published on Monday.
"We urge all nations to stand by their commitments to the Agreement," it said. Signatories of the letter included the California Public Employees Retirement System and other pension funds from Sweden to Australia."
Alister Doyle reports for Reuters May 7, 2017.
SEE ALSO:
"Inside the White House War Over the Paris Climate Treaty" (InsideClimate News)
"Worries Over US Pullout To Dominate UN Climate Talks" (BBC News)
"Worried World Urges Trump Not To Pull Out Of Paris Climate Agreement" (Guardian)
"Should US Exit The Paris Climate Deal? Some Fossil-Fuel Firms Say No." (Christian Science Monitor)
"As US, EU Step Back, Climate Talks Could Signal Geopolitical Shift" (Daily Climate)
"Big Investors Urge Trump To Stick With Paris Climate Accord"
Source: Reuters, 05/08/2017