Archive

Oil and gas giants' climate opacity keeps investors in the dark, CA100+ assessments show

The poor quality of climate disclosures by the 10 largest oil and gas companies globally is keeping investors in the dark and hindering their engagement efforts, analysis for the Climate Action 100+ initiative suggests.

Lightrock leads $50m funding round for AI and satellite climate-resilience SaaS

Shell 'in denial' about global transition, warns PIRC

Shell is "in denial" about the global transition to net zero, proxy advisor PIRC told Environmental Finance following the oil giant's rowback on fossil fuel production targets.

Scope 3 resolution fails to make progress at Shell's AGM

Oil giant Shell suffered another investor revolt over its climate plans at its AGM, but the rebellion failed to grow in size compared with the previous year.

CA100+ investors to back shareholder resolution at Shell

Shareholders at oil giant Shell have announced plans to back a shareholder resolution at its upcoming annual general meeting pressuring the company to address climate risks.

Bond investors 'now pricing in' oil and gas firm climate strategies

Fixed income investors have increasingly been pricing in the climate strategies of oil and gas firms following the energy crisis sparked by the Russian invasion of Ukraine, according to ABN Amro.

Spate of climate litigation takes aim at oil, gas, cement and nuclear

A spate of climate-related litigation has been launched that proponents say will increase companies' accountability for their contribution to climate change and prevent 'greenwashing'.

Share buybacks must not come at the cost of transition, say MN and PGGM

Oil and gas giants should use record profits to buy back shares only if they do not come at the expense of investing in a "feasible" strategy to limit global temperature rise to 1.5°C, according to MN and PGGM.

Shell's climate plan passes despite investor pushback

Shell's climate transition plan was backed by shareholders at its annual general meeting (AGM) despite early criticism it did not go far enough.

Royal London to abstain from Shell's transition plan

Royal London Asset Management said it will abstain from Shell's climate transition plan at its AGM on Tuesday, over concerns it is unaligned with the Paris Agreement.