How climate change will impact oil & gas investing

"rapid and far-reaching" economic changes required

Addressing climate change will require a rapid and far-reaching economic transition, according to the UN. Investors need to understand which oil and gas companies are up to the challenge, according to Luke Fletcher of CDP.

The evidence is undisputable and the challenge is immense. The latest UN report on climate change, which looks at the chances of limiting global warming to less than 1.5°C above pre-industrial levels, pulls no punches. Doing so, it said, will require "rapid and far-reaching" transitions across the economy - especially in the energy sector. We are already seeing increasing consensus on this within financial markets. In its latest annual risk assessment, for example, the European Central Bank (ECB) called on Eurozone banks to "manage their exposures" to fossil fuel companies and energy-int...