U.S. Institutional Oil Investors Shun Climate Resolutions ...Middle East

Economy by : (OILPRICE) -
Large U.S.-based institutional investors in Big Oil have this year refused to back climate-related resolutions tabled at the companies’ general meetings. Per a Reuters report, at the AGMs of the five largest oil companies, shareholders including BlackRock, JP Morgan, Vanguard, and State Street all voted against climate resolutions. In Europe, however, the situation was very different. Per activist investor group Follow This, big oil investors including Amundi, UBS, HSBC, and Allianz, had voted in favor of the climate resolutions that the…

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