The industry will be needed to bridge the long transition to net-zero from now to 2050, JPM says.
Fund manager Norges Bank Investment Management sided with Shell in rejecting a proposal to align greenhouse gas targets with the Paris agreement.
Exxon and its kin were laggard stocks for a long time, but now they enjoy flush revenue and strong share prices. The bet: Their clean fuels may give them better stability.
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.
Famed investor increases his stake in Occidental Petroleum.
This noted market pessimist said in January that some shares would thrive, despite a popped bubble.
The oil giant shows that it needs fresh faces in its boardroom, says the pension fund.
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.