Oil majors face shareholder resolutions on climate change

INVESTORS CONCERNED about climate change have never been better organised, thanks to Climate Action 100+, a coalition with more than $33trn in assets under management. Nor have they ever had more success. Last year shareholders of Royal Dutch Shell persuaded it to pledge emissions reductions from both its operations and its products. In May BP’s shareholders voted to require the European oil-and-gas giant to disclose how its strategy matches the goals of the Paris climate agreement.