Finance
The World's Courtrooms Could Unleash the Next Wave of Green Investing
Pension-fund trial highlights new legal fights over climate change
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The legal risk for pension funds that fail to account for climate change in portfolio investments is about to become a little clearer.
While activists and investors around the world are using courts to push government officials and company executives to cut emissions, a trial set to start Monday in Australia offers an early test of whether money managers have a fiduciary duty to help combat the ravages of a warmer planet.