Pension funds demand climate plan from oil giant

An investor coalition between several Danish pension funds is calling for a concrete plan from one of the world's largest oil companies on how it intends to bring its CO2 consumption in line with the Paris Agreement.

Photo: PKA PR

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 several Danish-based pension funds, are putting pressure on major oil company Exxonmobil. They are demanding the company comes up with concrete plans for how its CO2 emissions can be made to comply with the targets in the Paris agreement, Danish newspaper Information reports.

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