News Round Up: ExxonMobil, Legal & General, and more
CA100+ ups pressure on corporates to align lobbying with Paris Agreement
Institutional investors with a combined $6.5 trillion in AUM have issued "urgent" demands to 47 of the largest US-based corporate greenhouse gas (GHG) emitters to disclose their climate lobbying practices.
Storebrand excludes 27 firms as it tightens climate policy
Norwegian asset manager Storebrand has tightened its climate policy significantly, which will see it exclude 27 firms including oil majors Chevron and ExxonMobil, miner Rio Tinto and chemicals giant BASF.
Third of investor votes back Mizuho Financial climate resolution
More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.
Fossil fuel reserve profits 'could fall by two-thirds'
Falling demand and rising investment risk is forecast to slash profits from fossil fuel reserves, research by Carbon Tracker reported, estimating they could collapse by almost two-thirds.
Total becomes next oil major to feel shareholder climate pressure
French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.
Investor climate pressure builds on US oil majors as BlackRock steps-up
US oil supermajors ExxonMobil and Chevron experienced significant investor pressure over their climate policies at their annual general meetings, with major investor BlackRock stepping up support for some proposals.
Exxon climate resolution gains further support ahead of tomorrow's AGM
The UK's Local Authority Pension Fund Forum (LAPFF) has called on its members to oppose the re-election of the entire ExxonMobil board, adding to pressure on the oil and gas giant's climate policies.