A recent divestment bill that would have directed managers of California’s public pension and teachers’ retirement funds to stop investing in the 200 largest oil, gas and coal companies failed in the Legislature for the second year in a row.
Investors ‘See Past Greenwash’ as Quarter of Shareholders Refuse to Approve Barclays’ Climate Strategy
Barclays shareholders have rejected calls to accelerate a phase-out of fossil fuel financing, but a quarter remain unconvinced by the bank’s current approach to tackling climate change. Over 100 investors representing more than $4 trillion of funds had filed a resolution with campaign group Market Forces to ask Barclays to set distinct targets in line […]
Local council pension funds in England controlled by the Labour and Conservative parties together hold £7.5 billion in fossil fuel shares, a new analysis has found. Environmental campaigners Platform and climate consultancy Transition Economics ranked political parties according to their local council pension fossil fuel investments, finding that Labour-controlled councils hold £3.9 billion in investments […]