Individuals in rich countries face huge financial losses if climate action slashes the value of fossil fuel assets, a study shows, despite many oil and gas fields being in other countries.
Investors poured record money into ESG funds, which focus on climate change, inequality and other issues, at more than twice the rate last year than in 2019.
BlackRock, the world's largest investor, has joined an influential pressure group calling for the biggest polluters to reduce their emissions, after criticisms that it was undermining action addressing the climate crisis.
