Major Australian companies under the gun from investors over carbon emissions

Twelve major Australian companies are being targeted over greenhouse emissions by a coterie of global investors who speak for $US32 trillion ($A45.11 trillion) and have already won a fight with the world’s largest commodity trader, Glencore.

Some of the world's biggest investors are taking
on pollution among industrial giants. 

Glencore on Thursday announced it would cap its coal production at 2019 levels, despite spending $US3.5 billion ($4.92 billion) on coal expansion in recent years. The move came after it locked horns with Climate Action 100+, the outfit fighting the greenhouse battles of more than 300 global investors.

Now Climate Action 100+ is hunting more big corporate game, including some of the biggest household names in Australia, in pursuit of its emissions reductions ambitions.

Read the story from The New Daily by Rod Myer - “Major Australian companies under the gun from investors over carbon emissions.”