World’s biggest stocks owner calls out Big Oil as carbon levels go up • BusinessMirror

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

A senior executive at Norway’s sovereign wealth fund, which owns a larger share of global stocks than any other investor, says Big Oil’s transition strategy isn’t holding up as carbon emissions continue to rise. “The oil and gas industry, as a whole, clearly isn’t doing enough to cut emissions,” said Carine Smith Ihenacho, chief governance

A senior executive at Norway’s sovereign wealth fund, which owns a larger share of global stocks than any other investor, says Big Oil’s transition strategy isn’t holding up as carbon emissions continue to rise.

For investors trying to align their portfolios with the goals of the Paris climate agreement, such developments represent a worrying shift in the wrong direction. “Traditional energy companies are hugely important to the global economy, they are hugely important to Goldman Sachs,” he said. “We are all going to continue to finance traditional companies for a long time.”

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 19. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen