Archive

LGIM votes against 100 companies because of climate

Legal & General Investment Management voted against 100 companies in 2021 because of their management of climate risk.

People Moves 25 March: HSBC; Abrdn; ANZ; MSCI & more...

Exxon's net zero goal 'underwhelming, but sign of change'

ExxonMobil's newly-minted net zero 'ambition' will underwhelm many investors - but could be a sign that new board members are bringing positive change, according to commentators.

Exxon's 'ambition' for net zero operational emissions

ExxonMobil has set an 'ambition' to reach net zero greenhouse gas (GHG) emissions from its own operations by 2050, months after a climate-themed investor revolt - but stopped short of setting plans to reduce emissions from use of its products.

Nest, UBS ditch oil and gas giants over carbon risks

Nest and UBS Asset Management have sold their shares in five energy companies, including Exxon Mobil.

Investor welcome for Shell exit from Cambo oil project

Oil supermajor Shell has backed out of investing in the Cambo oilfield project in Scotland in a move described as a "deathblow" for the controversial project...

Ceres: 'Troubling inconsistency' in corporate US climate policy approach

Some of the largest US companies have displayed "troubling inconsistency" by opposing climate action...

Final ExxonMobil shareholder vote count accentuates climate revolt woes

ExxonMobil acknowledged that another of the climate activist proposed board nominees it had opposed was elected by shareholders...

Green bond comment, June 2021: Are oil and gas firms still locked out of the sustainable bond market?

The labelled bond market needs to start helping dirty issuers finance the transition, argues Peter Cripps

Oil firms face significant credit risk amid rising climate action, says Moody's