EnergyWatch

Pension funds demand climate plan from oil major

An investor coalition between a number of Danish pension funds wants a concrete plan for how one of the world's largest oil companies intends to bring its CO2 consumption to a level compliant with the Paris Agreement.

In December 2018, the countries of the world agreed on a regulatory framework for the Paris climate agreement aimed at reducing the world's CO2 emissions.

Now investors, including a number of Danish pension funds, are putting pressure on oil major Exxonmobil. They demand concrete plans for how the oil company's CO2 emissions can comply with the targets in the Paris agreement, writes Danish newspaper Information.

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