IPE Long-term matters: Exxon’s AGM – can investors learn from the slave trade?
Richard Barker teamed up with Raj Thamotheram for the IPE to discuss what investors can learn from the slave trade.
English evangelical protestants allied with the Quakers initiated the campaign to abolish the UK slave trade in the early nineteenth century. Two centuries later, the Vatican has said that climate change is a “moral and religious imperative for humanity”. Will the fate of fossil fuel companies be defined by public, sovereign and religious investors? And can other investors watch from the sidelines?
Our answer is yes and no respectively, but you may be surprised to know why. First let us recap on the fight to date.