Fossil fuel bosses must change or be voted out, says asset manager
State Street chief says it could use shareholder powers to force boards to act on climate
The world’s biggest fossil fuel companies must take action on climate change or their directors could face being voted out of their jobs, the head of one of the world’s leading asset managers has warned.
In an exclusive interview with the Guardian, Ron O’Hanley, the chief executive of State Street, said his firm could consider taking the radical step of voting against the reappointment of entire company boards if they were not taking sufficient action to deal with the climate crisis.