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The study by Europe Economics quoted in the article referred to a possible loss of a 68 bps in annual return from divesting in fossil fuel investments. Apart from the highly questionable methodology used in arriving at this number, the research was funded by , wait for it, a consortium of US Petroleum companies that go by the name of The Independent Petroleum Association of America. I think we should therefore be questioning both the methodology and the impartiality of this finding. Starting with the answer you want, then going out to find someone to provide it, is not an exercise that stands up to rigorous academic inquiry.

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