Investors get lost in Big Oil’s carbon accounting maze | Reuters


Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say.

Investors have poured money into so-called sustainable funds, which take into account companies’ environmental, social, legal and other standards, and funds are under pressure from their customers and authorities to make those standards robust.

Source: Investors get lost in Big Oil’s carbon accounting maze – Reuters

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