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The financial impact of fossil fuel divestment

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Figure

Table 1 shows the summary statistics of the monthly total returns for the di fferent industries and indexes from January 1973 to December 2016
Table 1. Summary statistics for the returns of industry indexes.
Table 3 shows that the risk-adjusted returns of FOS are not signi ficantly different from zero or from those of NOFOS
Table 4. Stock market performance based on all assets including and excluding fossil fuel stocks.
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