End fossil fuel subsidies: world's largest investor groups

In their "2011 Global Investor Statement on Climate Change," three organisations - representing 285 of the worlds' largest global investment companies - emphasised the escalating costs of climate change inaction, as well as the opportunities that would open up as a result of governments formulating and enacting common climate change action and clean energy investment policies. The group's statement calls for governments worldwide to end policies and practices favoring fossil fuel energy and enact policies that encourage greater investment in clean energy development and climate change mitigation and adaptation.

"Climate change presents major long-term risks to the global economy and to the assets in which we invest," they stated. "At the same time, well designed and effectively implemented long-term climate change and clean energy policy [...] present[s] significant opportunities for investors in areas such as cleaner and renewable energy, energy efficiency and decarbonisation [and] will also yield substantial economic benefits including creating new jobs and businesses, stimulating technological innovation, and providing a robust foundation for economic recovery and sustainable long-term economic growth."

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