Guardian Media Group to ditch fossil fuels from $1.2 bln fund

April 1, 2015 3:10 PM

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LONDON, April 1 (Reuters) - Guardian Media Group (GMG) said on Wednesday it would sell all the fossil fuel assets held in its 800 million pounds ($1.2 billion) investment fund as the UK media company looks to boost its sustainable investing.

The GMG would look to divest over the medium term, and is the largest fund to-date to announce a complete exit from all oil, coal and gas firms, chairman Neil Berkett said in an article in the firm's Guardian newspaper explaining the move.

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