Storebrand to drop oil and mining stocks over climate change lobbying – Financial Times
A $ 91 billion Nordic asset manager has abandoned investments in ExxonMobil, Chevron and miner Rio Tinto to protest their lobbying on climate change issues.
The Storebrand move is believed to be the first example of a large investor explicitly disengaging from oil producers and miners for allegedly lobbying against stricter environmental standards.
“Climate change is one of the greatest risks…