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Asset managers accused of climate change hypocrisy

2016-09-25 16:22:00| Climate Ark Climate Change & Global Warming Newsfeed

Financial Times: Five of the worlds largest fund houses have been accused of playing games with their investors after failing to back motions that sought greater climate change disclosure at ExxonMobil and Chevron. BlackRock, Invesco, Aberdeen, BNY Mellon and Vanguard all voted against an investor-led climate change resolution at the annual meetings of the two US oil companies in May, according to data shared exclusively with FTfm by Fund Votes, a project that tracks proxy voting. The investment houses backed...

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