Investors with $41tr ask G7 to stop subsidising fossil fuels

A coalition of investors overseeing a combined $41-trillion of assets have called on world leaders to set more ambitious greenhouse-gas emissions targets and end support for fossil fuels. DWS Group, Legal and General Investment Management and Pacific Investment Management Co were among 457 investors that wrote a joint letter to heads of State ahead of the Group of Seven (G7) leaders summit that will start on Friday in Cornwall, England.