Legal & General Investment Management, Britain’s biggest fund manager, piles pressure on oil firm
Britain’s biggest fund manager has piled pressure on Shell after joining a shareholder rebellion over the oil company’s carbon-cutting plans, saying that they lack credibility and the ambition required to combat global heating.
It has emerged that Legal & General Investment Management (LGIM), one of the oldest fund managers in the City of London, was among investors behind a significant shareholder vote against Shell’s climate transition targets at the company’s annual meeting on Tuesday.
Continue reading...source https://www.theguardian.com/business/2021/may/24/influential-investor-joins-shareholder-rebellion-over-shells-climate-plan
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