Content area
Full text
WASHINGTON, DC-- Shareholders in leading oil and gas companies could see losses of more than 6% of their investments due to prospective actions to curb climate change and growing constraints on access to energy reserves, warns a report from the World Resources Institute (WRI). The report also finds that companies have made only very limited disclosure to investors on the relevance of these issues for future financial performance.
Sixteen leading oil and gas companies were studied, and most were found vulnerable to environmental losses. Three of...