New sustainability reporting requirements will still be tinged by greenwashing

We need more than surveys

Just a month ago in November, government representatives from developed countries clambered over each other in Glasgow to show how much they cared.

Meanwhile, the economic recovery they congratulated themselves on sent oil prices soaring. On 9 November, in the middle of the COP26 conference, the WTI benchmark oil price peaked at a level not seen for seven years. The last time was in 2014 when we all thought the world was running out of oil. Oil prices came down because the US massively increased production. This time, the oil price came down because President Biden called for more production. OPEC, to give it due credit, refused to comply, allowing the US and other producers to see it as their opportunity. Christmas came early for t...