AMWatch

Danish pension fund predicts oil earnings collapse

Oil companies that are unable to adapt to the goals in the Paris Agreement risk coming to a halt, MP Pension Chief Investment Officer Anders Schelde says to E24.

Photo: PR/MP Pension

In the beginning of September, news came out that Danish pension fund MP Pension had divested its equities totaling more than EUR 86m in the ten largest global oil companies.

The companies in question were Equinor, Exxonmobil, BP, Shell, Chevron, Petrochina, Rosneft, Sinopec, Total and Petrobras.

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