Five oil majors face 2019 climate target pressure by investors

HOUSTON/LONDON (Reuters) - U.S. and Norwegian oil majors Chevron and Equinor (EQNR.OL) have become the latest target of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement.

The effort, part of a wave of climate-related proxy resolutions planned for spring 2019 annual shareholder meetings, is being led by investor groups Follow This, As You Sow and Arjuna Capital.

The Paris climate agreement, adopted by almost 200 nations in 2015, set a goal of capping temperature warming to well below 2 degrees Celsius (3.6 Fahrenheit) before the turn of the century. Read Full Article - Reuters, December 19, 2018