Last week, investors representing $1.9 trillion assets under management called on 30 oil and gas companies, urging them to publicly oppose the EPA’s proposed weakening of its methane rules. This letter is signed by investors including CalSTRS, the New York City Comptroller’s Office, and Robeco, all of which have joined together to say no to these regulatory rollbacks.
Investors look to minimize risk while maximizing value. Methane emissions are a risk, and the proposed rule changes will increase emissions by the EPA’s own estimates. So it is no surprise that investors with nearly $2 trillion worth of assets are speaking up to defend this risk-reducing rule.