Big investors put pressure on big oil
Oil firms may still able to raise billions of dollars for big upstream projects, but institutional investors are starting to demand emissions reduction measures
A group of heavy hitters in the global investment community, Climate Action 100+, claims it has made significant progress in obtaining net-zero emission commitments from industry-but says action to meet the Paris Agreement targets remains inadequate. "We are now at a tipping point. A significant number of companies have made bold commitments to achieve net-zero emissions, with others increasingly following suit," Stephanie Maier, a Climate Action 100+ steering committee member and director of responsible investment at financial services firm HSBC Global Asset Management, said when the group launched its first progress report in early October. Climate Action 100+, representing 373 global in
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