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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Trends

Norway Wealth Fund Turns Up Climate Heat on Exxon, Chevron

Posted on 04 May 2016

Norway’s $872-billion sovereign wealth fund, the world’s largest, said it would press U.S. oil majors ExxonMobil and Chevron to do more to report on the risks of climate change. The fund said on Tuesday it would vote in favor of shareholder proposals, opposed by both companies’ boards, which would require them to report more fully about the risks and opportunities of a changing climate.
Royal Dutch Shell and BP adopted similar policies last year, following shareholder pressure, it said. Exxon and Chevron both say they are already doing enough to report on climate risks………………………………………..Full Article: Source


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