Oslo-listed insurer Storebrand, which has about $91bn under management, has changed its climate policy in an effort to accelerate the green transition, dropping its support of oil and gas giants ExxonMobil, Chevron, ConocoPhillips and Husky Energy, among others.
This year alone, funds with more than $7 trillion-worth of assets have said they would start pulling back on activities in the fossil fuel sector, including BlackRock — the world's largest investment firm.
