Large global investors—representing a combined US$10.4 trillion worth of assets under management—urged oil and gas companies on Friday to start acting responsibly in tackling climate change, putting pressure on Big Oil ahead of several upcoming annual general meetings. In an open letter to the Financial Times, 60 large institutional investors are calling upon oil and gas companies to do more to support climate goals. “For the Paris climate agreement to succeed, the oil and gas industry must be more transparent and take responsibility for all its emissions. Over the next few weeks some of the world’s largest oil and gas companies will hold their annual shareholder meetings. How these companies are positioning themselves for a low-carbon future will be an important topic for discussion,” said the investors including Aberdeen Standard Investments, Axa Investment Managers, BNP Paribas Asset Management, and Fidelity International, among others. “As long-term investors, representing more than […]