Over the past couple of years, Wall Street banks, E&P companies and investors have faced mounting pressure to disinvest in fossil fuels. Last year, BlackRock Inc. (NYSE: BLK), the world's largest asset manager with $10 trillion in assets under management (AUM), sent shockwaves through the fossil fuel sector after it vowed to double down on climate activism by backing more shareholder resolutions on climate change and social issues. Also last year, New York City's Mayor Bill de Blasio and Comptroller Scott M. Stringer jolted the sector after announcing that the city's $226B pension fund plans to divest majority of its fossil fuel investments over the next five years and also cut ties with other companies that have been contributing to global warming.