(BBC) The shareholders fighting to make oil firms greener

They can also convince firms to stop lobbying that is “inconsistent” with the goals of the 2015 Paris Agreement, which aims to reduce the risks and impacts of climate change globally.

One of the most successful activist groups has been Climate Action 100+, a global network of institutional investors that targets the world’s 100 largest corporate greenhouse gas emitters.

Its 370 members, which have $35tn (£27tn) of assets under management, include well-known names such as Aberdeen Standard, the Church of England Pensions Board and HSBC Global Asset Management.

In March, the group, working with others, forced the oil giant Shell to make a legally binding commitment to use a broader definition of greenhouse gas emissions in its carbon-reduction targets.

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Posted in Climate Change, Weather, Corporations/Corporate Life, Ecology, Energy, Natural Resources, Ethics / Moral Theology, Stewardship, Stock Market

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