The RCP’s divestment announcement was included in its new Climate Policy, published today.
The policy states that the RCP will:
- Immediately disinvest from major US oil and gas companies that haven’t acted on climate change.
- By the end of 2020, using insight from the Transition Pathway Initiative (TPI) or an equivalent tool, disinvest from any oil, gas or mining company that has not set emissions targets.
- By 2023, after engagement with those oil, gas and mining companies in which it still retains a holding and a final assessment using TPI, disinvest from any company that isn’t demonstrably on a path in line with the goals of the Paris agreement.
Read the full article here.
Written by Deirdre Duff