Major Endowments Prod Oil Firms to Ignore Trump’s Methane Rollback
Investors including Harvard University’s endowment, the Church of England and California State Teachers’ Retirement System, are asking oil companies to ignore the Trump administration’s plan to let them off the hook for monitoring -- and stopping -- methane leaks.
“The rollback of federal regulation will lead to excessive methane emissions, threatening the role of natural gas in the low carbon future and challenging oil and gas companies’ social license to operate,” a global group of more than 140 investors wrote in a letter Thursday to 35 energy companies. The investors, who represent more than $5.5 trillion in assets, want the companies to publicly oppose deregulation, saying that industry silence “will be interpreted as implicit support” for the Trump administration’s proposal. Read Full Article - Bloomberg, August 29, 2019