Funds with US$8.8 trillion urge Asian utilities to cut emissions


HONG KONG: Global asset managers - including JP Morgan Asset Management Inc and Fidelity International Ltd – will urge five Asian power generators to curb greenhouse gas emissions in an initiative coordinated by the Asia Investor Group on Climate Change.

The 13 institutional investors that manage US$8.8 trillion (RM36.9 trillion) among them will engage with the utilities that collectively emitted about the same amount of carbon dioxide as Spain in 2019, the group said in a statement.

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