Some of the UK’s largest investors have backtracked on their support for a shareholder resolution that would force the big oil companies to cut their carbon emissions, according to a campaign group.
Asset managers at Legal & General, abrdn and Janus Henderson voted against the climate resolutions put forward by Follow This, a Dutch shareholder activist group, at the annual general meetings of the US oil companies Chevron and ExxonMobil this year, having voted in favour of them in previous years.
