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Storebrand dumps oil and mining stocks on climate change lobbying

by Chris Flood and Attracta Mooney, Financial Times Highlights Multibillion-dollar Nordic asset manager, Storebrand, has dropped ExxonMobile, Chevron, Southern Company, BASF, and Rio Tinto from its portfolio after these companies lobbyed against stricter environmental standards Investors of oil companies and other industries that deal with fossil fuels are pushing these companies to lobby against climate-related standards Jan … Read more