Category: Commodities
Vigilant fact checking is needed to separate PR from reality Vigilant fact checking is needed to separate PR from reality Vigilant fact checking is needed to separate PR from reality
May 15th, 2020
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Since 2016, sharp-eyed investors have become increasingly alert to the reasons behind governments’ failure to stay on track with the goals set by the Paris Agreement: powerful industry lobbyists strategically blocking and delaying progress on much-needed policy responses to climate change.
A vanguard group of these investors has spearheaded an engagement program that asks companies they invest in to review their links to industry associations opposing climate policy. Initially concerned with the role of a network of highly regressive industry groups representing the Australian mining industry, the group first targeted BHP in 2017, shortly followed by Rio Tinto. This engagement process has since produced reviews of over 15 major global corporates (including Anglo American, Shell, and BP ), with many more expected in …