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Why Financial Firms Can’t Be Climate Change Cops


Gains of about a fifth for the S&P 500 index seem respectable enough. But they’re dwarfed by the 56% return available from the energy companies index, which is dominated by the likes of Exxon Mobil Corp., Chevron Corp., ConocoPhillips and other carbon-intensive firms. Your heart, aware of the damage energy companies are doing to the planet, may have one view. Your mind, conscious of the need to build enough of a nest egg to finance a comfortable retirement, may well take the opposite stance.  

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