French President Emmanuel Macron gestures as he delivers a speech to entrepreneurs at a convention centre in Lagos, Nigeria, July 4, 2018. Ludovic Marin/Pool via Reuters
PARIS (Reuters) - Sovereign wealth funds managing more than $2 trillion (1.51 trillion pounds) are to lay out a strategy on Friday in Paris to pressure companies to be more climate-friendly, French officials said.
President Emmanuel Macron, who has cast himself as the guardian of the Paris agreement on climate change since Washington announced it would pull out, is championing the initiative, which will bring together the heads of six sovereign funds to thrash out a pro-environment investment framework.
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