Canadian oil companies woo ESG investors with self-imposed penalties if they don't meet sustainability targets

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 80%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Gibson and Enerplus\u0027 unusual credit facilities are new to the North American energy sector

Gibson’s sustainability targets include a reduction in emissions and also an effort to boost diversity at the oil storage and pipeline company — as energy companies try to improve their credibility on the S and G components of ESG.

Right now, three out of nine members of Gibson’s board are female and none of the company’s senior executives listed on its leadership team are female. Given this makeup, Gibson will need to add just one more woman to its board and one minority to hit its target. Similarly, Enerplus Corp., a Calgary-based light oil producer with assets in Saskatchewan and North Dakota, announced April 29 it would expand its credit facility to US$900 million and also link it to its target of reducing its emissions by 50 per cent, cut freshwater use by 50 per cent and injuries by 25 per cent.

DBRS’s Vadali expects more companies in the energy sector and in other industries to agree to sustainability-linked financings to attract more institutional investors, which have their own ESG profiles to worry about.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 10. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Five things to watch for in the Canadian business world in the coming weekThis week in Canadian business, a handful of companies will release their latest quarterly results including Canada Goose, Aurora Canada and SNC-Lavalin and Canadian Tire.
Källa: CTVNews - 🏆 1. / 99 Läs mer »

Companies entice vaccinated Canadians with freebies, discountsBribery If someone was held accountable for all the shit the vaccine caused. They wouldn’t have to Bribe people to get it. Would u let someone bribe u into using a untested child seat in ur car for your new born? PM me if you’re interested in earning $105 by online trading daily, Pm me if you have a phone or PC let’s go ✅
Källa: CTVNews - 🏆 1. / 99 Läs mer »