Oil Giants Would Be Worth More by Drilling Less in a Low-Carbon World, Analysts Say


Eliminating future investments in tar sands, deepsea drilling and other high-carbon, high-risk projects would create more value for shareholders, analysis says. By Phil McKenna Seven major oil and gas companies could increase their collective value by roughly $100 billion if they bring their future investments in oil and gas fields in line with plans to limit global warming to 2 degrees Celsius, according to a new assessment. See Also: Exxon Must Hold Shareholder Vote on Climate Change Resolutions, SEC Says Study Sends a Warning to Wall Street of Trillions at Risk From Climate Change Wall Street Warned About $91 Billion of High-Risk Oil Megaprojects Climate Primer: Explaining the Global Carbon Budget and Why It Matters read more


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