Climate change is putting pressure on the sector
Thursday 23 Jan 2020 Author: Tom Sieber
The oil and gas industry contributes to 42% of global emissions according to global consulting firm McKinsey. It is little wonder that the sector has found itself in the crosshairs of environmental campaigners and a growing portion of the investment community is turning away from fossil fuel-based investments amid increasing focus on environmental, social and governance (ESG) issues. At the beginning of this year the CEO of asset management...