Published: Feb. 8, 2024 at 6:41 a.m. ET By Christian Moess Laursen One of the largest pension funds in the Netherlands, PFZW, has sold all of its stakes in Shell, BP and TotalEnergies, saying they aren’t investing fast enough in the switch from fossil to low-carbon fuel. PFZW–which managed around $256 billion at the end
A pair of activist investors have pulled their request for shareholder votes on climate-related proposals after ExxonMobil sued to keep them off the ballot at the company’s upcoming meeting. But while Arjuna Capital and the environmental group Follow This say they will not refile the proposals, Exxon still wants a U.S. court in Texas to
Last year, the Biden administration issued the green light for ConocoPhillips’ (NYSE:COP) $8 billion Willow project in Alaska, ending the company’s long wait much to the consternation and chagrin of environmentalists. ConocoPhillips is the largest crude producer in Alaska and also the largest owner of exploration leases, with extensive holdings in Prudhoe and the National Petroleum Reserve-Alaska (NPR-A). Whereas