Netherlands' $515 billion pension fund to accelerate cuts to fossil fuel investments
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AMSTERDAM (Reuters) - The Netherlands' biggest pension fund, ABP, said on Monday it aims to reduce the carbon footprint of its asset portfolio by 40% from 2015 levels by 2025.ABP, which already set a target to cut the carbon footprint of its assets by 25% from 2015 levels by this year, follows moves by other leading funds - notably Norway's $1.1 trillion sovereign wealth fund - to divest heavy polluting energy companies from its portfolio.ABP manages 465 billion euros (393.10 billion pounds) in..