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
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
