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'Money talks': A $1.2 trillion fund manager is about to pull investment from companies that won't act on climate change

UK firm Legal andAn investment management firm will punish companies with a bad record on climate change.

  • A UK firm managing assets of $1.2 trillion will pull its investment from companies that fail to act on climate change.
  • Helena Morrissey, head of personal investing at Legal and General, said they will be “naming and shaming” these companies next month.
  • "There comes a time when talk is over, and it’s time to vote with our feet… Money talks as they say," said Morrissey.
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LONDON — , which oversees more than $1.2 trillion in assets, said it would punish companies with a bad record on climate change and strip them of their funding.

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