Twenty-two large investors in General Motors Co. are urging the company to join an agreement with California to improve fuel efficiency.
In a letter to GM CEO Mary Barra, the investors demanded that the company take seriously its commitment to fighting climate change by joining the voluntary deal.
“As long-term investors with $1.1 trillion in assets under management (AUM), we believe that the mitigation of climate change is essential to safeguarding our investments,” they wrote.
“We urge you to join this compromise agreement, which is consistent with General Motors Company’s (GM’s) call for … continuously improving fuel economy and its stated goal of moving toward zero emissions,” they added.