Bond investors 'now pricing in' oil and gas firm climate strategies
Fixed income investors have increasingly been pricing in the climate strategies of oil and gas firms following the energy crisis sparked by the Russian invasion of Ukraine, according to ABN Amro.
Oil majors to pilot net zero model that pits winding-down as 'legitimate' strategy
BP, Eni, Repsol, Shell and Total are the first oil companies to agree to pilot an investor-led standard that is designed to improve comparability of transition plans, and "acknowledges winding-down as a legitimate strategy".
Sustainable bond issuance sets fresh record
2021 sustainable bond issuance has already surpassed the record-breaking 2020 total, supported by rising interest in sustainability and sustainability-linked bonds from corporate issuers. Ahren Lester reports
Green Bond Comment, August 2021: A new dawn for the beleaguered transition bond label?
Once seen as the next exciting frontier in sustainable fixed income, the take-up of transition bonds has so far underwhelmed the market. But could the beleaguered label stage a fight back, asks Ahren Lester
Green bond comment, June 2021: Are oil and gas firms still locked out of the sustainable bond market?
The labelled bond market needs to start helping dirty issuers finance the transition, argues Peter Cripps
Oil and gas majors release joint transition principles
Eight energy companies - BP, Eni, Equinor, Galp, Occidental, Repsol, Royal Dutch Shell and Total - have jointly developed a set of energy transition principles.
Pension funds must do more to push for low-carbon transition, says Lord Deben
The chair of the influential UK Committee on Climate Change (CCC) said the financial sector is beginning to take environmental concerns more seriously, but more has to be done.
European oil majors climate pledge disappointment continues
Despite progress from European oil majors in strengthening their climate ambitions, analysis by the Transition Pathway Initiative (TPI) concluded that none are yet on the path to net-zero emissions.