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Pimco, L&G Are Among Managers Supporting Mining Investment
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Pimco, L&G Are Among Managers Supporting Mining Investment
(Bloomberg) — A coalition of asset managers and pension funds managing a combined $18 trillion of assets said investors are systemically underexposed to the mining industry, posing a risk for a sector that’s critical to decarbonization and economic growth. Mining is an industry that has been widely shunned by sustainable-minded investors due to environmental and social scandals linked to child labor and toxic waste. The sector also is excluded f…
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