Following announcements from BP and Shell that they intend to continue supplying the oil and gas the world needs, some of the largest UK pension funds are threatening to vote against individual directors at the annual general meetings because of the companies’ reduced emissions targets. Universities Superannuation Scheme (USS) and Borders to Coast, which have a combined $157 billion (£130 billion) in assets under management, intend to vote against individual directors at Shell and BP at this spring’s annual general meetings of…
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