Rich nations need to shift investments into renewables instead, they say. The civic space for demonstrations at this year's climate summit, held in Egypt, is more restricted than the Scotland event last year.
Pension funds are some of the world's largest investors—holding trillions in assets—billions of which are pumped into fossil fuel companies like Shell, BP, and Total.
In the video, environmental law group ClientEarth compares the oil and gas giant's advertisements on its low-carbon investments to a burger chain claiming that they’re vegan because they’ve got salad on the menu.
EB Studio
About four out of every five people impacted by sea-level rise by 2050 will live in East or Southeast Asia, creating an urgent need climate-smart solutions for cities. This year’s Innovate4Climate summit will look at the climate-smart solutions the region needs.