Bron
Reuters
Sixty global investors on Friday called on the oil and gas industry to do more to tackle climate change, ratcheting up pressure on company boards ahead of several high profile annual shareholder meetings. Companies needed to be more transparent about how they plan to change their operations as part of the global shift to a low-carbon economy, necessary to meet the terms of the 2015 Paris climate agreement to keep global warming below 2 degrees.
“Regardless of the result at the Shell AGM, we strongly encourage all companies in this sector to clarify how they see their future in a low-carbon world.”
Among leading investors to sign the letter were Aberdeen Standard Investments, AXA Investment Managers, Fidelity International, Legal & General Investment Management, Schroders and Kames Capital, BNP Paribas and Aegon.
