Pressure is building on oil and gas groups to adopt tougher carbon reduction strategies ahead of a series of annual general meetings (AGM) next week. A coalition of major investors representing $10.4tr in assets under management have today written to the Financial Times, urging oil and gas majors to be more transparent and robust in their efforts to tackle escalating climate risks. The letter, signed by 60 investors including Axa Investment Managers, Legal and General Investment Managers and Aviva Investors, insists the “case for action on climate change is clear” and stresses they are “keenly aware” of the need to shift the global economy onto a low-carbon footing. Emissions from the oil and gas industry account for about half of all global carbon pollution, according to CDP, with the vast majority, around 90 per cent, arising from the use of their products.
Business Green 18th May 2018 read more »
Three students at the Cambridge University have gone on hunger strike as part of an increasingly bitter campaign to stop the university investing in fossil fuel companies.
Guardian 18th May 2018 read more »