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jan 5 2015 : pilita clark : ft.com -

Altogether, institutions and individuals responsible for at least $50bn of investment have said they will sell some or all of their fossil fuel holdings.

Over the past seven months, investors including the heirs to the Rockefeller Standard Oil fortune and the board of trustees at California’s Stanford University, have decided to avoid shares in coal companies.

Some church groups and the University of Glasgow have gone a step further and said they will shun all fossil fuel investments.