Big Oil cleaning up its act with cuts to greenhouse gas pollution
Move is a reflection of growing pressure from shareholders, investor groups and civil society
London
IT is no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they are reducing their greenhouse gas footprints every year, actively participating in a trend that has swept up most corporate behemoths.
Sixty-two of the world's 100 largest companies consistently cut their emissions on an annual basis between 2010 and 2015, with an overall 12 per cent decline during that period, according to a report from Bloomberg New Energy Finance (BNEF) released ahead of its conference in London on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion
Hong Kong team plants seeds to safeguard legacy grains
Gold holds steady as investors focus on US Fed meeting
Chevron CEO expects ExxonMobil arbitration resolved in coming months
Oil falls more than US$1/barrel on Middle East peace talks, US rate cut doubts
Diamond giant De Beers is in the shop window, but the potential buyers are few