Investors warn complacent gas industry
Firms need to step up climate change efforts in new ESG environment
Gas companies must take concrete steps to prove what they are practically doing to meet climate change goals, or they risk alienating investors’ trust in the industry and therefore access to funds. “You must demonstrate that you are resilient to the changes that lie ahead, and that you have a clear unambiguous positive role to play in driving the energy transition forward” Nick Stansbury, fund manager at financial services form Legal & General Investment Manager (LGIM) told the European Annual Gas Conference (EAGC) in Paris. So far, the industry has shown “a great deal of complacency” around the issue of climate change and decarbonisation, he says. The energy sector is experiencing a
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