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Investors criticize IEA in open letter: "We urge you to do better"

A series of investors criticize the IEA for not having made adequate recommendations for achieving the Paris Climate Accord's goals. Scandinavian pension funds PensionDanmark and Storebrand are among the letter's signatories, rebuking the IEA for failing to live up to its responsibility.

Photo: BENOIT TESSIER/REUTERS / X02011

One week ago, the famous World Energy Outlook 2019 was released by the International Energy Agency (IEA).

The report criticized in sharp language the world's governments for their insufficient efforts to mitigate climate change. But now it's the IEA's turn to face critique in the form of a letter signed by several major investors such as German insurance company Allianz, Swiss ditto Zürich Insurance Group as well as Scandinavian pension funds PensionDanmark and Storebrand.

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