Archive

  • New York State pension fund commits extra $2bn to low-carbon index

    01 February 2018

    The $203 billion New York State Common pension fund has doubled its exposure to its own low-carbon index to $4 billion.

  • New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment

    11 January 2018

    New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.

  • NY State Common and NY City Pension Funds make plans to cease fossil fuel investments

    22 December 2017

    Both the $200 billion New York State Common pension fund and the $181 billion New York City Pension Funds are to consider ceasing new investments in fossil fuels, their trustees have said.

  • Shareholder action forces oil giant Exxon to increase climate disclosures

    12 December 2017

    ExxonMobil is to start publishing reports on how policies to reduce global warming affect its profits, a move which marks a major victory for shareholder action on climate change, according to New York State Comptroller Thomas DiNapoli.

  • Shareholders are increasingly using their muscle on deforestation

    03 August 2017

    Most shareholder resolutions on deforestation led to some form of commitment from the company to address the problem, research has found.

  • Comment: There is no 'Trump dump' for environmental finance

    10 July 2017

    President Donald Trump reaffirmed his decision to pull the US out of the Paris climate agreement at this weekend's G20 meeting in Hamburg.

  • Shareholder climate success at Exxon

    31 May 2017

    A shareholder resolution calling for ExxonMobil to do more to tackle climate change received a significant majority, despite not being backed by the board.

  • Exxon board fights climate resolution

    25 April 2017

    ExxonMobil's board has refused to support a climate change resolution backed by investors with over $10 trillion in assets under management (AUM).

  • $13trn of investors call on G20 to act on Paris agreement

    24 August 2016

    An investor coalition representing $13 trillion of assets has urged the G20 to ratify the Paris climate agreement this year and take action to ensure that its targets are met.

  • Investors representing $6trn back climate change resolution at ExxonMobil

    13 April 2016

    Investors representing $6 trillion of assets under management (AUM) have thrown their weight behind a shareholder resolution demanding that ExxonMobil disclose the impact of climate change policy on its business.