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COP28: Global Stocktake nothing more than 'disjointed wish list', NGO says

The latest Global Stocktake drafted text is a "disjointed wish list" with weak language on reducing use of fossil fuels, an NGO has claimed.

Activists file climate resolutions at Japanese companies

News round-up: Mitsubishi, Bank of Japan, M&G, Morgan Stanley, and more

Climate resolutions filed targeting Japanese banks

News Round Up: PGE, Access To Medicine, S&P Global Platts, and more

NGOs petition Bank of England to regulate fossil fuel funding

French central bank tightens fossil fuel exclusions for €22bn portfolio

The Banque de France (BdF) has tightened the fossil fuel company exclusions applied to its own investment portfolio worth €22 billion ($27 billion), but campaigners called on the bank to "apply the same level of ambition to the immediate decarbonization of the European Central Bank's (ECB) monetary policy".

Three groups dominate Japanese fossil fuel finance, report says

Three financial institutions have been the driving motor powering Japan's fossil fuel industry, according to a study by Dutch research company Profundo.

New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment

New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.

Trillion-dollar wealth fund to consider dropping oil and gas investment

Norway's $1 trillion sovereign wealth fund is to consider divesting its holdings in oil and gas because of the risk fossil fuels pose to its portfolio.