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Investors urge companies to stay out of public lands opened up to extraction by Trump rollbacks

WASHINGTON (Reuters) - A group of U.S. institutional investors urged energy, timber and mining companies on Wednesday not to take advantage of Trump administration rollbacks of environmental regulations, such as moving operations into public lands that are being opened up.

The investors representing nearly $113 billion in assets sent a letter to 58 companies saying that firms seeking to make use of the rule changes put themselves and their investors at “significant risk of public backlash and stranded assets, should these actions be legally challenged or protections be restored by the courts or by future administrations.”

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