The 2022 proxy season has an underlying warning for oil and gas execs: Your banks and insurers are in the climate fray. We review how investors are trying different levers to drive climate action.
At first glance, it may seem as if investors are pumping the brakes on climate proposals, but hawkeyed executives will recognize that activist investors are finding innovative ways to pressure companies and drive change.
Even before the Russian invasion of Ukraine and resulting tectonic shifts around energy politics, there were signs that the “divest from oil and gas” movement might be losing steam. Investors under increasing pressure to address climate change were starting to fall into two camps: (a) those who would divest and (b) those who would engage with companies to create change.
BlackRock’s guidance to its portfolio companies shapes corporate ESG strategies, because (1) BlackRock is often a company’s biggest investor, and (2) other investors often follow BlackRock’s suit.
For the last several years, BlackRock has set the pace for how investment firms will drive ESG performance at portfolio companies. (See our 2020 and 2021 notes on BlackRock.) Larry Fink’s letter to the CEOs of BlackRock’s portfolio companies in January made headlines for its focus on relationships with employees and pushback on divestiture.
You might be tired of hearing about how clean energy stocks are weathering the pandemic better than oil and gas stocks. Here is what is
In January, BlackRock CEO Larry Fink’s annual letter to company investors took on an unambiguous climate twist. At the time, that letter looked to us at Adamantine
In my last post, I dusted off the Crystal Ball to look at what external signposts are telling us about the return of social risk and
We might as well reinvent our companies and the oil and gas industry while we are reinventing everything else — which includes defining how we
