The sale is a rebuke of a landmark resolution between the Anglo-Dutch company and a large group of investors including Sarasin that outlined Shell's ambition to reduce carbon emissions.
The project is designed to liquefy about 3.5 billion cubic feet per day of natural gas from a facility to be built in Nikiski on the Kenai Peninsula southwest of Anchorage. It includes an 807-mile (1,300-km) pipeline from the North Slope.
Jeff Fisher, CEO of Utica-focused Ascent Resources, says it’s been important for oil and gas producers to change the way they operate.
The key goal of the "Green New Deal" backed by many Democratic presidential candidates would cost $4.7 trillion and pose massive economic and social challenges, says Wood Mackenzie report.
Washington Gov. Inslee said he seeks to ban drilling on public lands and end crude oil exports.
The divestment of Exxon Mobil only applies to LGIM's Future World Funds which it says are set up for clients who want to express a conviction on ESG themes.