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School of Law

The campaign to divest from BP and Shell isn't working. Here's why:

Professor David Whyte speaks to CityA.M. about his research into divestment from BP and Shell by investors.

An oil refinery with various chimneys. There are mountains in the background.

The campaign for institutional investors to divest from oil giants like BP and Shell hasn’t made any progress due to the way index providers dominate the market, a new study has found.

Only 60 institutional investors worldwide have sold all of their shares in BP and Shell, representing about three per cent and four per cent of their shareholders, a paper published earlier this year by David Whyte, Professor of Climate Justice at Queen Mary University of London has revealed.

“Any trend towards divestment amongst the shareholders who have reduced their shareholding is being offset by the largest shareholders,” said Professor Whyte.

Read the full article on City A.M.

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