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No oil & gas company aligned with 2°C pathway, says TPI
18 September 2019None of the 50 largest oil and gas companies have aligned their emission intensity with a pathway that would keep global warming to 2°C, as called for in the Paris Agreement on climate change, according to the Transition Pathway Initiative (TPI).
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BlackRock loses $90.4bn from failing to spot stranded asset risks, says IEEFA
01 August 2019The world's largest asset manager, BlackRock, has seen $90.4 billion knocked off the value of its listed equities holdings over the last decade because it failed to address stranded asset risk in the fossil fuel industry, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA).
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Exxon and other laggards excluded from LGIM Future World Funds
21 June 2019Legal & General Investment Management (LGIM) has excluded more climate change laggards from its Future World Funds range after they failed to respond to its engagement programme.
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Investors name and shame 700 companies for poor environmental impact reporting
17 June 2019Investors with almost $10 trillion in assets have begun pushing more than 700 companies, including ExxonMobil, Amazon and Volvo, to disclose better environmental impact information.
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BNP Paribas Asset Management includes Asia in tightened climate voting guidelines
22 May 2019BNP Paribas Asset Management (BNP Paribas AM) has strengthened its climate voting guidelines and will also begin to apply them to Asia-based companies from 2020.
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Aegon supports Follow This climate resolutions
13 May 2019Dutch insurer Aegon has announced its support for nine climate resolutions at four major oil firms' annual general meetings (AGMs).
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Equinor bows to investor pressure of Climate Action 100+
25 April 2019Equinor has become the latest oil and gas company to bow to investor pressure to strengthen its climate targets.
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Shell lighting low-carbon path for oil & gas sector, says Church of England
09 April 2019Oil and gas major Shell is “leading the way” in its sector as it plans for the transition to a low-carbon economy, according to the Church of England Pensions Board.
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Exxon seeks to block shareholder proposal
25 February 2019ExxonMobil is trying to block a shareholder proposal in which investors call on the oil giant to account for emission reduction targets.
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Oil & gas companies 'jeopardise shareholder returns by rewarding executives for chasing growth'
14 February 2019Shareholder returns are at risk from remuneration schemes that incentivise executives at oil and gas companies to chase volume growth, a report argues.