Climate News & Analysis
2 articles
Market Mood
Cerity Partners Sells $10.6M of iShares PABU ETF in Q1 2026
Cerity Partners OCIO LLC reduced its stake in iShares Paris-Aligned Climate Optimized MSCI USA ETF (PABU) by 151,235 shares during Q1 2026, totaling approximately $10.6 million. Following the sale, PABU's remaining position was valued at $9.0 million, accounting for around 0.5% of Cerity's AUM. As of May 15, 2026, PABU shares were trading at $77.15, reflecting a 20% increase over the past year. However, PABU has underperformed the S&P 500 by roughly 4 percentage points and its Large Growth benchmark by approximately 9 percentage points.
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BP (BP) Faces Shareholder Revolt Over Climate Transparency Issues
At its annual general meeting, BP (BP) encountered a shareholder revolt, with two motions failing to secure the required 75% majority approval. Notably, 81.8% voted in favor of electing Albert Manifold as chair despite concerns. Major investors, including Norges Bank Investment Management, supported management, while influential proxy advisers recommended opposing BP's motions. This situation highlights ongoing tensions between climate accountability and corporate governance within the energy sector.
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