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
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
