ESG investing is increasingly viewed as a lever for delivering value in a turbulent world. But there is a lack of transparency around reporting and companies aren’t obliged to change their business practices. Companies need […]
BlackRock Inc. told Texas it’s committed to helping clients invest in the energy industry, rebutting suggestions by state officials that the firm boycotts fossil-fuel companies through its advocacy for sustainable investing. The world’s largest asset […]
(Bloomberg) — As Texas officials hunt for financial firms hostile to the energy industry, Wall Street is rolling out its fossil fuel bona fides to convince officials not to bar them from doing business with […]
(Bloomberg) — Woodside Petroleum Ltd. almost certainly won investor approval to boost global oil and gas production by adding BHP Group assets while also facing a rebuke on its climate accounting. Almost all votes cast […]
(P&GJ) — ArcLight Capital Partners has closed a $857 million deal to acquire Targa Resources’ wholly-owned subsidiary, which owns a 25% stake in the Gulf Coast Express Pipeline (GCX) in the Permian Basin. The 853-km (530-mile) Gulf […]
Tesla, the world’s leading maker of electric vehicles, has been cut from S&P’s ESG Index created for environmentally conscious investors owing to flaws in its business conduct and, ironically, aspects of the company’s low-carbon strategy. […]
The global economy is powered primarily by energy and debt, with energy-providing production and debt-providing finance. Today, central banks are aggressively increasing interest rates in order to counter inflation, but the move could leave commodity […]
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Cheniere Energy (LNG) is a stock that can certainly grab the attention […]
BP, ConocoPhillips get more investor support over climate Upcoming AGMs from ExxonMobil, Shell, Chevron in focus Some investors more supportive of company climate plans BOSTON/LONDON, May 13 (Reuters) – Big Oil has enjoyed an easier […]
Big investors are starting to warm to energy. For more than five years, endowments, pension funds, and other so-called institutional investors shunned the oil-and-gas industry because of big losses and concerns about climate change. Now some […]
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