Aviva will use its ‘ultimate sanction’ to force action on global warming
One of Britain’s top asset managers has warned it will use the “ultimate sanction” and ditch stakes in 30 of the world’s largest oil, gas, mining and utilities companies unless they do more to tackle climate change. Aviva declined to name the companies it is targeting. But it is a big shareholder in many of the world’s largest oil, gas and mining companies, with its holdings worth billions of pounds. According to S&P Global Market Intelligence, it is a top 30 shareholder in oil majors BP and Royal Dutch Shell…
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