Oil and gas companies are asked by large asset managers to to do more about climate change and “…clarify how they see their future in a low-carbon world…”, “… [being] compatible and consistent with a pathway towards the Paris goal.”.
This demand comes in a context where investors are looking for pro-active solutions rather than divesting altogother. As a sustainable investment banker said : ” There’s a lot more we can accomplish through engagement, rather than divestment.”
Read the full article from Attracta Mooney, Andrew Ward and Leslie Hook from the Financial Times.