Major investment firm dumps Exxon, Chevron and Rio Tinto stock

Storebrand says corporate lobbying to undermine climate solutions is unacceptable'

A Nordic hedge fund worth more than $90bn (68.6bn) has dumped its stocks in some of the world's biggest oil companies and miners responsible for lobbying against climate action.

Storebrand, a Norwegian asset manager, divested from miner Rio Tinto as well as US oil giants ExxonMobil and Chevron as part of a new climate policy targeting companies that use their political clout to block green policies.