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Oil giants green lit $166bn of new investments despite net zero engagement
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Top investors hoping to do good by engaging with oil and gas giants are at risk of falling short of their own net zero commitments, a leading think tank has warned, as companies pump vast sums into new production.
Scores of global financial institutions, including some of the City’s top investment banks and fund groups, have signed up to climate pacts, such as the Glasgow Financial Alliance for Net Zero and the Net Zero Banking Alliance, and published targets to curb emissions.
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