"Investors Urge G20 Nations To Ratify Paris Climate Deal This Year"

"Investors managing more than $13 trillion of assets urged leaders of the Group of 20 on Wednesday to ratify a global climate deal by the end of 2016 and to step up efforts to shift from fossil fuels.

A total of 130 investors, grouped in six coalitions, wrote a letter to G20 leaders and also called on them to double global investment in clean energy, develop carbon pricing and phase out fossil fuel subsidies.

Among backers were the California Public Employees' Retirement System, Swedish National pension funds, Aegon, AustralianSuper, the Church of England Pensions Board and the New York City Comptroller, it said."

Alister Doyle reports for Reuters August 24, 2016.