U.S. investors rebuff big oil climate shareholder resolutions

LONDON, Nov 6 - Big U.S. investors at the top five western oil firms' shareholder meetings this year rebuffed an activist group's resolutions to align their emission targets with the Paris climate pact, in contrast to some European peers, voting data showed.

According to the data published by it and investors, giant U.S. investors BlackRock , Vanguard, State Street and JPMorgan all voted against the Follow This resolutions this year. France's Amundi and Britain's HSBC voted in favour of the activist group at all five energy companies, while Switzerland's UBS voted in favour of its resolution for all apart from BP."Investors hold the key to tackling the climate crisis with their shareholder voting power at Big Oil. Amundi, Allianz, and UBS use their voting power to mitigate the climate crisis,” said Follow This founder Mark van Baal.

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