Big investors put pressure on big oil
Oil firms may still able to raise billions of dollars for big upstream projects, but institutional investors are starting to demand emissions reduction measures
A group of heavy hitters in the global investment community, Climate Action 100+, claims it has made significant progress in obtaining net-zero emission commitments from industry-but says action to meet the Paris Agreement targets remains inadequate. "We are now at a tipping point. A significant number of companies have made bold commitments to achieve net-zero emissions, with others increasingly following suit," Stephanie Maier, a Climate Action 100+ steering committee member and director of responsible investment at financial services firm HSBC Global Asset Management, said when the group launched its first progress report in early October. Climate Action 100+, representing 373 global in
Also in this section
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term