Church of England files shareholder resolutions at BP and Shell on climate change

Church of England files shareholder resolutions at BP and Shell on climate change

The Church of England said it was in the process of filing shareholder resolutions on climate change at BP Plc and Royal Dutch Shell Plc.

The Church said it chose BP and Shell because they have the biggest carbon footprints of all the companies listed on the London Stock Exchange.

The initiative is lead by CCLA Investment Management, which manages over 1.5 billion pounds ($2.35 billion) of Church of England money in the CBF Church of England funds.

The Church said supporters of the resolution include the 150 billion pound Local Authorities Pension Fund Forum, CCLA Investment Management, the Methodist church and Rathbone Green Bank.

 

Source: Reuters

Date: December 2014

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