LNG in firing line of climate advocacy
Energy firms are coming under increasing pressure to take radical steps to reduce emissions
Investor groups in Australia are stepping up pressure on listed energy companies to better disclose their exposure to climate-related risk in line with the industry-led taskforce on climate-related financial disclosures initiative. Fossil fuel companies are also being lobbied to take a more visible and proactive stance on cutting global emissions, alongside efforts to transition to low carbon technologies. Just as Shell has faced sustained pressure from Dutch shareholder action group Follow This, so Australian banks and pension funds investors are being challenged to become more actively involved in calling fossil fuel companies to account over their exposure to and role in climate change-
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