Britain's National Trust to sell fossil fuel assets

Britain's National Trust will sell all of its investments in the fossil fuel industry by 2022.

The charity invests 45 million pounds ($56.61 million) in fossil fuel companies - 4% of its one billion pound stock market portfolio - despite having itself warned of the dangers of climate change.

But it will aim to offload the majority of investments in oil and gas companies, which include Shell, BP and Total, within 12 months, chief financial officer Peter Vermeulen told the Thomson Reuters Foundation by phone.

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