Back to the future as fossil fuels find fresh favour with investors
High oil and gas prices and the global energy supply crunch have made fossil fuels more attractive, but asset owners and managers say that’s not about to derail their climate change goals.
The outlook for avoiding catastrophic global heating looked bleak as the COP27 climate summit began this past weekend amid accusations of greenwashing levelled at Greenpeace, the world’s largest environment defenders’ group. Greta Thunberg, arguably the world’s highest-profile climate activist, is boycotting the event.
Complicating the prospects for progress at the annual climate conference, interest in oil and gas among institutional investors has increased as the energy crisis p…
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