MP divests from ten oil majors

MP wants to aid the green transition, and secure its members’ long-term investment returns. As a result, MP has decided to divest from all listed equities in Royal Dutch Shell, ExxonMobil and eight other of the world’s largest oil companies. The divestment is based on MP’s assessment that the companies’ long-term business models are incompatible with the goals of the Paris Agreement to limit global warming to well below 2 degrees. It total, MP divests equity holdings worth EUR 86 million.