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But its commitment is slammed by campaigners as 'empty' and an 'attempt to buy time' due to its failure to commit to divest from coal and oil and gas.
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The new approach will allow investors to manage climate risk by highlighting the temperature pathways of their portfolios.
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The University of Oxford report comes as green groups, scientists, politicians, businesses, and economists push for a green recovery to the coronavirus.
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Around a third of investors, including the world's largest asset manager, voted for changes to the oil giant's governance to help drive bolder climate action