The International Emergency Agency has argued that the development of oil, gas and coal needed to stop in order to combat global warming. Many shareholders have come.
LONDON – Shareholders rebuked the top two U.S. oil companies on Wednesday for dragging their feet on fighting climate change, while a Dutch court ruled that Royal Dutch Shell needs to accelerate cuts to greenhouse gas emissions. “Today was a stark warning for Big Oil,” said Bess Joffe, of the Church Commissioners for England, which manages the Church of England s investment fund, with executives “being held to account by investors …
Read more about Investors, Dutch court deliver stark warning for Big Oil on climate on Business Standard. Investor support for climate concerns could force oil and gas companies to rethink how fast they pivot to other forms of energy
"Today was a stark warning for Big Oil," said Bess Joffe, of the Church Commissioners for England, with executives "being held to account by investors and lawmakers."