Investors want Big Oil to go green — but aren’t getting tough

Oil rig from Fotolia 230x150
By Jon Hay
29 Apr 2019

A substantial and growing proportion of asset managers are asking big oil companies to realign their businesses with the Paris Agreement by moving away from fossil fuels, a survey released on Monday has found. But only a few have set deadlines or thought about what to do if the oil companies fail to comply.

“A lot more capital is being shifted to sustainable strategies,” said Charlene Cranny, communications and campaigns director at the UK Sustainable Investment Forum, the trade association that produced the report. “But fund managers do see this as a long term risk rather than short term. They understand that ...

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