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%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

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.”

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 19. in PT

Portugal Últimas Notícias, Portugal Manchetes