Major investor alliance to stop funding new oil and gas projects

Call for institutional investors commanding $11 trillion in funding to steer clear from new oil and gas assets

Switch: a worker adjusts a drillbit on an oil rig. The NZAOA has called on its members to stop direct investment in new upstream oil and gas projects. — Switch: a worker adjusts a drillbit on an oil rig. The NZAOA has called on its members to stop direct investment in new upstream oil and gas projects.Photo: REUTERS/SCANPIX

Davide Ghilotti

London

Net Zero Asset Owner Alliance UN Environment Programme Finance Initiative Americas North America Asia & Oceania

Published 29 March 2023, 14:42Updated 3 April 2023, 13:30