In April, Equinor agreed to make strengthened commitments on climate change, following engagement with Climate Action 100+, an initiative created by investor and shareholder groups to work with 100 of the world’s largest emitters. Investor signatories led by UBS Asset Management, HSBC Asset Management and Storebrand Asset Management engaged with Equinor.
In May, BP’s shareholders voted to require the oil and gas company to disclose how its strategy matches the goals of the Paris climate agreement. And we have also seen Shell announce Scope 3 greenhouse gas intensity reduction goals, Total has invested substantially in solar energy, and Danish company Orsted has sold its oil and gas portfolio.
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