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Funds feel heat of drive against 'dirty' energy

But some money managers say divestment as a tool to address climate change is too simplistic in most cases

Published Mon, May 25, 2015 · 09:50 PM

London

FOR Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning.

Getting that commitment involved a two-year campaign during which they staged a "marriage" between the 900-year-old university and "Big Oil" before breaking it up, to symbolise the need to end investment in fossil fuels, Ms Micklewaite said.