Investors in Rio Tinto have made it clear that they will not stand by and watch while the company funds lobby groups that block climate policy.
As Commonwealth leaders assemble in London, under distinct pressure to act on climate, lawyers point to existing law that commits directors to manage climate risk.
Shareholders are set to protest the corporation’s membership to trade associations notorious for undermining international climate efforts.
Japan is joining the efforts of the EU, US and Australia in developing laws to stop illegally harvested timber from entering their markets.
Membership fees to policy-obstructive lobby groups betray investor confidence, say lawyers.