Glencore

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While Young People have been demonstrating against Climate Change , to large financial players, with pressure from the other direction

While Young People are demanding crowd in The Streets Action on human-caused Climate Change , an older, more sober group of activists is fighting a green campaign: the big investors.

The Men and women who are in control of trillions of dollars in the value of assets in the muscles. And as shareholders, you are able to do the pressure on companies, The Right thing to do.

Climate Action 100+ is a group of More Than 360 investors with More Than $34tn (£28tn) in assets under management.

they are worried not only about damage to The Planet , But the long-term profitability of their investments. In short, irreversible damage to The Environment would reduce, or even wipe out the value of these investments.

This group to the kingdoms of the influence of institutional investors such as The Church of England commissioners, is a "systemically important entities", in which they hold shares, to curb greenhouse gas emissions and the improvement of governance.

One such company is the oil-giant BP, which recently had its annual General meeting.

Climate Action 100+ submitted a shareholder resolution to BP to demonstrate that its strategy was in line with the objectives of the Paris climate agreement, The International plan to limit Global Warming to 1. 5C.

the resolution, which was supported by the BP board has been approved and is Now legally binding.

a Variety of institutional investors stood behind the BP resolution, including Hermes, HSBC, Legal and General and Aviva Investors .

Steve Waygood says, we only have a Short Time to the head, potentially catastrophic Climate Change

"The economic and financial risks associated with Climate Change are very real," says Steve Waygood , chief responsible investment officer at Aviva Investors .

"We only have the next five to 10 years to cope with the Climate Change related risks and make sure that they are real. "

If there is no Action , the risks," is real in the next 20 to 30 to 40 Years ," and in the "very long term, a potentially catastrophic Problem".

As an investor, Aviva is concerned about the risks of the investments and as an insurer, Aviva is exposed to flood risks, fire, drought, and, to a lesser extent, damage to wildlife.

"If the global governments if humanity against Climate Change . $43tn could be wiped off global share - about a third of their value," says Mr Waygood.

He is confident that the human race has to stop already have the technology to tear, the our Life Support system. We just need to put it into Action - and while large companies have a role to play, you can't do it on your own.

He is calling for coordinated Action between companies, governments and regulatory authorities come plan with "Marshall" for the transition to a low-carbon economy. He compared such measures, the U.S. program for the reconstruction of Western Europe after the second World War .

"BP is a small cog in a vast economic system, to deliver retuned, the Paris agreement. "

Nevertheless, he says that it is outputting a mismatch between the vast sums of money, the oil companies, the materials on the use of new or existing reserves of fossil fuels, and the objectives of the Paris agreement.

"A considerable amount of oil and gas investment is very wrong assumptions that if the governments provide with Paris," he says. This oil-and gas-could assets are Stranded .

A malfunction at ExxonMobil's Fife ethylene plant in April caused concern among the residents of

For example, ExxonMobil, one of the companies under the pressure of Climate Action 100+, plans to spend $46-48bn in 2019/2020 to oil and gas investments, including fracking.

In one of the last that said, the rate of global population growth, coupled with a rise in the Middle Class , would be required to substantiate energy.

He told investors that The International energy Agency estimates that $21tn investments in oil and gas will be needed by 2040, and that ExxonMobil would spend itself, to cover an estimated Average value of € 30-35bn a year to the demand.

in Spite of its climate-protection targets, BP is still £dedicates 12bn of its £15bn annual investments in oil and gas exploration and extraction, and only $500m in New Energy businesses such as biofuels, Solar Energy and electric charging the car. It also faces $200m in promising start-UPS.

BP says this is in line with the Paris agreement targets, But Greenpeace climate senior Advisor Charlie Kronick said he has yet to invest much in oil and gas.

"There is no way that you are compliant, or even in line with the Paris agreement," he says. "BP feel that they are doing enough and you are clearly not. That should be an indication that [the investor] has the interaction with this sector, to be more robust. "

in addition to his success with the BP -, climate-Action 100+ some of notable wins has to persuade, including Glencore , one of The World 's largest producers of coal, the gap in production. Shell is started to set targets for its net carbon footprint, and has agreed to, an overview of the Climate Change Lobbying .

Glencore is one of The World 's largest mining company

But the group of investors also has not a lot of progress with some companies, including ExxonMobil.

In April, the US regulatory authority SEC at allowed to throw The Company , a resolution of The Company 's emission targets.

"Exxon has not been very supportive," says Stephanie Pfeifer, a member of the global Climate Action 100+ steering committee and The Chief executive of the Institutional Investors Group on Climate Change (IIGC).

she says the regulatory environment in the United States is part of the problem. Company bosses have a 'duty of care' to be in The Best interest of its shareholders - But that means that the maximization of the profits Now produce as much oil as possible, or do everything possible to limit Climate Change in The Future ?

"In the U.S., there is this question mark about how you should be dealing with environmental, social and Corporate Governance a duty of care. This is not helpful," says Ms. Pfeifer.

However, "the climate must be 100-active+ has shown that the investor can work pressure," she says, adding that "$34tn has a lot of influence".

ExxonMobil has not responded to requests for comment.

pressure from aid organizations and environmentalists, and it can't be ignored," she says.

But investors get a company to change direction early enough to make a difference, But also not damage their investment? Ms Pfeiffer says you can.

"We recognise that Action must be taken Now , and it is not much more expensive, if Action is taken Now . "

environmental activists and investors both take a long-term perspective

royal dutch shell, bp,uk climate change protests, exxon mobil, glencore, companies, climate change, intergovernmental panel on climate change

Source of news: bbc.com