Recent announcements by BP are a victory for ESG investors - but their actions need to catch up.
Fossil fuels have been identified as among the main reasons behind global warming, and ESG investors seem to be fighting a battle against fossil fuel companies for decades. Until recently, most companies operating in the fossil fuel industry refused to consider how harmful their products and operations are to the environment around them. Although, this has started to change in the last few years as now almost all major oil majors such as BP, Shell, Total, Eni, with the notable exception of US-based oil and gas companies, accept the negative impact of their operations on climate.
Qayyum Rajan
August 8, 2020
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