Axa divests from oil sands and commits €12bn for environmentally-friendly projects
Global French insurer Axa has divested from 25 oil sands (also known as tar sands) companies and made other environmental commitments at the One Planet Summit in Paris.
Axa, which made a commitment to divest €500m (£441m) from coal in 2015, will raise this amount to €2.4bn, meaning it will stop investing in 100 companies which have 30% or more of their revenue
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