Rio Tinto won’t allow UK investors to vote on Mineral Council issue

Decision a blow to those wanting Rio to stop funding industry association memberships

A move urging Rio Tinto to rethink its funding of the fossil fuel lobby has suffered a setback - the Anglo-Australian mining company has refused to present a shareholder motion on the issue to its annual general meeting in the UK.

Last week, institutional investors who manage a combined $84bn in funds - and hold about $100m of Rio Tinto shares - filed a motion to the Australian arm of Rio Tinto, calling for a review of the company's funding of industry association memberships.