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2017 was the year for environmental campaigns, both in North America and abroad. Broad coalitions like the We Are Still In and March for Science signaled, amid loosening of environmental policies in Washington, that the world still supported climate change mitigation and what is more, still believed the international consensus was possible.
But bold, public protests on the National Mall were only one indicator this year that climate change remains a fundamental concern across the globe. There has been a growing compendium of research in recent years that implicate oil and gas strategies as the ongoing cause of global warming.
And not surprisingly, there’s been growing call by shareholders and asset management companies for industries to be forthright about just what climate change means for those who invest in its future.
Climate is king … Our research suggests there can be little downside to gradually incorporating climate factors into the investment process — and even potential upside” the BlackRock investment firm wrote in its white paper, Adapting Portfolios to Climate Change last year.
And shareholders have heard the message. Exxon, Occidental Petroleum and PPL, Pennsylvania’s largest utility company have registered increasing pressure from investors to inform shareholders of just what prospects climate change may hold for investments in the future.
Read the full article by Jan Lee about climate change from TriplePundit