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Investors Fight General Electric Plan to Buy Kenyan Coal Plant

A group of investors in U.S. conglomerate General Electric (GE) has publicly opposed its plans to buy a stake in a Kenyan coal-fired plant, claiming the project would damage the environment and undermine efforts to fight global warming. In a public letter to GE, nearly five dozen institutional and individual shareholders called on the company to reverse course on its intentions to purchase a 20 percent stake in a planned 1,000-megawatt coal plant on Kenya’s Lamu island. The move...

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