A group of US institutional investors urged energy, timber and mining companies on Wednesday not to take advantage of Trump administration rollbacks of environmental regulations, such as moving operations into public lands that are being opened up.
The investors representing nearly $113-billion in assets sent a letter to 58 companies saying that firms seeking to make use of the rule changes put themselves and their investors at "significant risk of public backlash and stranded assets, should these actions be legally challenged or protections be restored by the courts or by future administrations.”
The companies include Chevron, Exxon Mobil and Weyerhaeuser.