Pension fund sells BP and Shell stake over weak green push
BP(BP) Proactive Investors·2024-02-08 14:43
A pension fund managing more than £200 billion has sold all its shares in BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) as it believes the oil and gas giants are not reducing emissions fast enough. PFZW, the Dutch pension fund, revealed it sold its £2.4 billion shareholding in some 300 oil and gas companies over the last two years. “During this period, dialogue with oil and gas companies was significantly intensified to encourage them to produce verifiable transition plans that support the goal of th ...