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Dutch banking giant ING to halt lending to climate offenders
The group will immediately halt financing for those that continue to develop new oil and gas fields.
The list of major money managers dumping oil stocks is growing
Institutional investors in Europe are dumping fossil fuels partly to reduce the risk of ending up with stranded assets and financial losses.
EU targets 90% emissions reduction by 2040
The target implies a brisk shift from fossil fuels, including in hard-to-abate sectors like heavy industry and agriculture.