Investors Worth $41 Trillion Demand Net-Zero Strategies from World’s Biggest Emitters
A group of big, institutional investors with a combined US$41 trillion under management is turning up the heat on 161 fossils, mining companies, and other major emitters, demanding that they adopt a set of strategies to reach net-zero emissions and pledging to hold them to account for their actions.
“The targeted companies are responsible for up to 80% of global industrial greenhouse gas emissions,” The Guardian reports, citing an announcement Monday by the Climate Action 100+ initiative. “They include mining giant BHP, which last week promised to reduce emissions from its operations by 30% over the next decade on a path to net zero by 2050 after sustained pressure from activist shareholder groups.”
The list also includes colossal fossils ExxonMobil, PetroChina, BP, and Royal Dutch Shell, mining and metals companies Rio Tinto and BlueScope Steel, and major Australian fossil and electricity companies AGL, Santos, Woodside, and Origin.