University investment funds urge ‘bold action’ to stop new fossil fuel projects
by Jillian Ambrose from Environment | The Guardian on (#6BV22)
Asset managers told they have key role to play on climate crisis in open letter before Shell's annual meeting
A coalition of university investment funds has called on institutional investors to rebel against the boards of fossil fuel companies and their backers.
As Shell prepares for its annual shareholder meeting this week, representatives from the Universities of Newcastle, Sussex, Bristol and from Trinity College, Cambridge, have written an open letter to the asset management industry urging bold action" to stop new fossil fuel projects.
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