Big Oil Investors Say More Needed to Tackle Climate Change
Some of the world’s biggest fund managers are ratcheting up the pressure on oil and gas companies, expressing fear that a lack of action over tackling climate change could risk their investments. The comments come days before Big Oil kicks off annual shareholder meetings, where they are already facing calls from smaller investors to set clear targets on climate change and even cut their investments in fossil fuels. That could now gain momentum with the nudge from large investors who manage trillions of dollars of funds.
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