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92% in favour of Total climate resolution but vote signal questioned


By Susanna Rust2021-05-28T14:41:00+01:00
More than 90% of votes were cast in favour of a Total resolution on its climate strategy at the French oil and gas major’s AGM today, although the reliability of the vote’s signalling of support has been questioned.
Just over 8% of votes were cast against Total’s climate strategy resolution, which the company this year submitted to a vote for the first time.
According to Dutch shareholder campaign group Follow This, the 92% votes in favour proved the necessity of shareholder climate resolutions.
“These advisory votes on climate strategies are hiding what investors really want,” said Mark van Baal, the group’s spokesperson. “More and more investors want the Paris Accord to be achieved and realise Big Oil has a key role to play.” ....

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IW Long Reads: No time to waste - Are we doing enough to meet the Paris Agreement goals?


IW Long Reads: No time to waste - Are we doing enough to meet the Paris Agreement goals?
Events
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Is any real action taking place – or are old promises being recycled?
ºC compared to pre-industrial levels and make every effort to limit this to 1.5
ºC. 
Since that historic day in 2016, much has been done in pursuit of this goal. Governments and companies across the world made zero carbon pledges, tactics were discussed, and national guidelines were introduced.  ....

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IW Long Reads: Does low carbon mean high returns? How investors can stoke the fires of decarbonisation


Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points ....

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