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Wall Street messaging on climate activism

A new analysis finds that in 2017 the world's largest asset managers often declined to support shareholder resolutions that pushed large power and oil companies to respond more aggressively to climate change risks.

Data: Peterson, et al., 2018, "Asset Managers and Climate-Related Shareholder Proposals: Report on Key Climate Votes", 50/50 Climate Project; Chart: Andrew Witherspoon / Axios

Why it matters: The report arrives as activist investors and their allies are increasingly pushing large energy companies to disclose more about their plans to address climate change. There's a particular focus on pushing companies to model how their business will fare in a hypothetical carbon-constrained world in which emissions are on a trajectory to hold the global temperature increase to two degrees Celsius above preindustrial levels.