PFA met with criticism for increasing investment in oil company
At the annual general meeting on Tuesday, PFA will vote against Shell’s own climate plan and at the same time refrain from supporting a stricter proposal from a number of investors.
by thomas nygaard madsen, translated by katrine gøthler
In 2022, PFA acquired additional shares in oil and gas company Shell for DKK 500m (EUR 67.13m), and the pension company will not vote in favor of a proposal by a group of investors that want to tighten Shell’s climate plan. This is met with criticism from NGO ActionAid Denmark and Danish campaign group AnsvarligFremtid (”ResponsibleFuture”), writes Danish business media Finans.
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