Denmark's PKA -- a pensions company running several labour-market pension funds -- had already divested from several coal companies. On top of that, it has now decided to exit a group of oil companies that have not done enough to comply the 2015 Paris Agreement on climate change. A central goal of the Paris treaty is to limit global temperature increases to two degrees Celsius by the end of the century.
PKA writes in a statement that the company has investigated the climate efforts of 62 oil and gas companies, and subsequently chosen to exclude 35 companies on account of their not "taking the necessary initiatives for living up the Paris Agreement."
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