Environment Agency Pension Fund puts pressure on energy investments

Shareholder groups have called on BP and Shell to assess the risk of climate change to their business and to invest in renewables

Shell and BP and being called on by shareholders to green their business (photograph: Iurii Kovalenko/123RF)The Environment Agency Pension Fund is one of about 150 investors to call on BP and Shell to green their business.

Two overlapping shareholder groups have filed resolutions urging the energy firms to formally assess and manage the risk of climate change, reduce emissions and invest in renewables.

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