Big investors fail to pressure companies over fossil-fuel lobbying
Little support for disclosure resolutions that call on groups to divulge payments
Siobhan Riding: 7 Oct 2019
The world’s largest asset managers are not supporting action to curb fossil fuel intensive companies’ participation in obstructive climate lobbying, diminishing their efforts to push those companies to reduce their carbon footprints.
Some companies have made changes in response to investor action. Royal Dutch Shell cut its ties with American Fuel and Petrochemical Manufacturers, a trade association that is opposed to a carbon tax or other prices on greenhouse gas emissions…
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