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Investors tell auto industry to move to low carbon—or else

October 17, 2016 by Billy Hamshaw

(Source: truthdig) In a report published this week by the Institutional Investors Group on Climate Change (IIGCC), major investors have warned the automotive industry it needs to accelerate its readiness for a low-carbon world if it is to retain their support and prosper. A network of 250 global investors with assets of more than $24 trillion have told vehicle makers that they must put climate change specialists on their boards, engage better with policy-makers and invest more heavily in low-emission cars. “Long-term investors want to ensure that automotive companies are prepared for the challenges stemming from climate change, new technologies, changing policies and shifts in demand caused by global trends,” says Dr Hans-Christoph Hirt, co-head of investment house Hermes. Read full article…

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