Asset manager Sarasin & Partners has dumped a £34m stake in Shell and demanded that the company work harder to “align its strategy” with goals on climate change set out by the 2015 Paris Accord. The investor said it believed Shell should manage its affairs “in a way which is consistent with the Paris Climate Accord goals”, which aim to keep temperature increases this century below 2°C. The asset manager said that its own climate active investment strategy was committed to only investing in companies whose operations meet that target.
Telegraph 9th July 2019 read more »
The National Trust is divesting its £1bn portfolio from fossil fuels in an attempt to help tackle the escalating climate crisis. The organisation, which looks after 780 miles (1,250km) of coastline, 248,000 hectares (612,000 acres) of land and more than 500 historic houses, castles, monuments and parks, said it would withdraw the vast majority of its investments from fossil fuels within 12 months, and the entirety within three years.
Guardian 4th July 2019 read more »