A little over a year ago, it was big news that thousands of people and hundreds of institutions controlling more than $2.6 trillion in total assets had pledged to remove their investments from stocks, mutual funds, and bonds that invest in fossil fuel companies. My colleague at the time wrote that this was an “astonishing figure,” a sign that major investment firms were taking seriously a plan to fight climate change with their wallets. A year later, that number has doubled.

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