Fossil fuel bosses need to adopt Climate Change or else

This article is 2 years old:

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.

While it would be “very dangerous” to vote out directors without reason, he said State Street could resort to the measure if it judged company managers were not reacting to the risks climate change posed to their business model or engaging with the transition away from oil, gas and coal.