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Bloomberg
Exxon Mobil Corp, Chevron Corp and BP Plc are being pressed by investors with $1.9 trillion in assets under management to resist the Trump administration’s efforts to roll back Obama-era methane rules.
The Interfaith Center on Corporate Responsibility sent a letter to 30 oil and natural gas explorers on behalf of 61 investors urging the companies to publicly declare their support for regulating me-thane emissions and oppose the Environmental Protection Agency’s proposal to weaken existing rules. The letter was signed by investors including the New York City Comptroller’s Office, Trillium Asset Management LLC and the California State Teachers’
Retirement System.
“Rolling back federal regulation will lead to excessive methane emissions that needlessly tarnish the reputation of natural gas as a clean fuel and call into question the role natural gas can play in a low-carbon future,” according to the letter.