Hints and tips:
...As asset managers have benefited from a global boom in sustainable investing, they have been targeted by Republicans who are typically aligned with the oil and gas industry....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...Ethylene is produced from hydrocarbons derived from oil and natural gas and is a feedstock for the most widely used plastic, polyethylene....
...An investor opposed to the deal, Energy Income Partners, pointed out that this position was a U-turn from a bullish management outlook offered as recently as 2022....
...Farming and forestry account for almost a quarter of global greenhouse gas emissions and a hefty chunk of the scope 3 emissions of food manufacturers and retailers originate on farms....
...Citing his trips to 17 countries last year, Fink wrote global politicians and businesspeople increasingly planned to invest in both oil and gas for energy security and green power for the energy transition...
...“We should abandon the fantasy of phasing out oil and gas and instead invest in them adequately, reflecting realistic demand assumptions,” he said....
...Nasdaq this week listed a series of new options contracts tracking some of the most popular exchange traded funds investing in gold, silver, natural gas, oil and long-term Treasuries....
...Are such stocks really what sustainable investors want or are they simply what’s left after you cut out oil and gas and the more obvious contributors to climate change?...
...It’s not hard to find oil and gas companies in supposedly sustainable vehicles, and accusations of greenwashing directed at active managers are the main reason we see so much new regulation around sustainable...
...Meanwhile oil and gas explorers have themselves merged, leaving fewer companies to service. Joining forces should create a better capitalised and more cost-efficient service company....
...A version of this article was first published by Nikkei Asia on June 27. ©2023 Nikkei Inc. All rights reserved....
...“Vladimir Putin is also the CEO of Russia Oil Inc and he understands the dynamics of the market very well,” Yergin said....
...Banks will try to finagle a way out of their fossil fuel pledges if the UK oil and gas opportunities look profitable....
...It claims many of the ideas proved too “prescriptive”, for example calling for companies to cease the production or use of oil and gas....
...kind of oil and gas company better than another one?”...
...Exxon’s shares ended trading on Tuesday with a total market capitalisation of more than $439bn, up 1 per cent on the day and about 67 per cent higher than at the start of the year, according to S&P Global...
...Despite soaring oil and gas prices, it seems energy companies are not drilling....
...The Royal Mail last year set a 2050 net zero greenhouse gas emissions target for its investment portfolio....
...said the world’s largest oil and gas companies are still spending only a fraction of their capital on renewable energy....
...The chancellor’s initial proposals had prompted S&P, one of the world’s largest credit rating agencies, to put the UK on a “negative outlook” late on Friday....
...The Norwegian fund is financed by the Nordic country’s oil and gas revenues and has increased in size sixfold since the 2008 financial crisis....
...Excluding oil and gas companies on active products would have meant underperforming the competition. Becoming a political punch bag should have a negligible impact on business....
...Shares in Cac-listed cyclical stocks including chipmaker STMicroelectronics, carmaker Stellantis and oil and gas group TotalEnergies have all climbed sharply in recent months....
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