Demands on Big Oil Grow Tougher, Trickier

Copyright © 2021 Energy Intelligence Group

Investor demands on oil and gas companies are escalating -- moving away from lighter requests for things like climate risk disclosure toward firm commitments, including for customer-level or Scope 3 emissions. And these demands are likely a stepping stone toward eventual calls to implement those commitments. Those were leading takeaways from the latest update to Energy Intelligence's ESG Climate Risk Benchmark, an offering of the Energy Transition Service (see graph). The challenge for companies is keeping up fast enough. This was illustrated by the fact that several companies that increased their actions actually fell in the ranking.

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