ESG

As boomers hand over the keys to the stock market, sustainability-minded younger investors let their consciences lead

As boomers hand over the keys to the stock market, sustainability-minded younger investors let their consciences lead

Holdings that make up an ESG mutual fund or ETF can vary greatly, including sticky territory like fossil-fuel companies or tech stocks with large carbon footprints. Only 10% of sustainable diversified equity funds exclude all fossil fuels, says Jon Hale,

Citigroup launches new ESG investment banking group

Citigroup launches new ESG investment banking group

Reuters


Oil & Gas 360 Publisher’s Note: The oil industry is strapped for cash. If an oil company does not have a well communicated, and documented, ESG plan in place, gaining access to capital will be increasingly more difficult.

NEW …

Shell invests in new Nigeria LNG processing unit

Shell invests in new Nigeria LNG processing unit

BIC


Oil & Gas Publishers Note: On a side note, there appears to be a trend to energy investors; invest in companies with ESG plans, diversify into natural gas, and move investing to outside the U.S.

Shell Gas B.V., a …

Texas works with ESG-friendly testing company PerkinElmer to tame pandemic

Texas works with ESG-friendly testing company PerkinElmer to tame pandemic

Karma


Oil & Gas 360 Publishers Note: This article about the great state of Texas is just another example of the importance of ESG. PerkinElmer is providing goods and services with a strong social statement and messaging. Our energy, oil

ExxonMobil to produce medical-grade sanitizer for COVID-19 response

ExxonMobil to produce medical-grade sanitizer for COVID-19 response

BIC


ExxonMobil said today it has reconfigured manufacturing operations in Louisiana to produce medical-grade hand sanitizer for donation to COVID-19 response efforts in Louisiana, New Jersey, New Mexico, New York, Pennsylvania and Texas.

Initial production of 160,000 gallons of medical …

Why COVID-19 could boost ESG

Why COVID-19 could boost ESG

Financial Standard


Oil and Gas Publishers Note: We are under unprecedented financial pressure in the energy markets, and we are seeing that ESG is playing a larger role than it ever has in history. Not only are investors looking at

ERIELL takes measures to prevent the spread of COVID-19 and demonstrates its approach to ESG

ERIELL takes measures to prevent the spread of COVID-19 and demonstrates its approach to ESG

360 NewsWire


Oil & Gas Publishers Note: While the world politics in the oil industry is out of our control, it is important to know that there are regular people around the world trying to earn a living while facing

Barrick Sustainability Report Highlights Commitment to ESG

TORONTO, April 07, 2020 (GLOBE NEWSWIRE) —  Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) continues to strengthen its reputation as a trusted partner in its host countries across the world and is actively working to build a more sustainable mining sector fit …

April 7, 2020 - 5:00 pm ESG, Press Releases, Sustainability
Sempra Energy Foundation To Donate Up To $500,000 To Support Texas Nonprofits Impacted By COVID-19

Sempra Energy Foundation To Donate Up To $500,000 To Support Texas Nonprofits Impacted By COVID-19

SAN DIEGOMarch 23, 2020 /PRNewswire/ — Sempra Energy (NYSE: SRE) today announced that the Sempra Energy Foundation will donate up to $500,000 to help small to medium-sized nonprofits in Texas as they continue to serve critical needs related …

March 23, 2020 - 4:15 pm Corporate Social Responsibility, ESG, Press Releases
What is ESG, and is it important in the energy space?

What is ESG, and is it important in the energy space?

Dan Genovese, Director Consulting Services, EnerCom, and myself, were able to sit down and talk about Environmental, Social, and Governance (ESG) and how it applies to the energy sector. Investors started looking at the ESG impact in the oil and

GeoPark announces plan ahead for new environment and revisions in 2020 work program

GeoPark announces plan ahead for new environment and revisions in 2020 work program

Maintaining Self-funded Work Programs, Financial Flexibility & Balance Sheet Strength

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, …

March 19, 2020 - 4:37 pm ESG, Exploration and Production (E&P), Press Releases
Georgia Power Foundation invests $1 million to support state in COVID-19 recovery

Georgia Power Foundation invests $1 million to support state in COVID-19 recovery

ATLANTAMarch 19, 2020 /PRNewswire/ — The Georgia Power Foundation, Inc. is investing $1 million in 2020 to support the state of Georgia in addressing the unprecedented impacts of the COVID-19 pandemic

March 19, 2020 - 3:21 pm ESG, Power Generation, Press Releases
Courtesy of Liberty Oilfield Services Inc.

Liberty Oilfield Services Inc. Announces Executive Management Salary Reduction Plan

Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty”) has implemented a salary reduction plan for the executive management team. In response to an uncertain economic environment, all members of the executive team voluntarily requested a base salary reduction in the amount …

March 12, 2020 - 6:54 pm ESG, Press Releases
Cimarex Ties Exec Compensation to Reducing Emissions, Natural Gas Flaring

Cimarex Ties Exec Compensation to Reducing Emissions, Natural Gas Flaring

NGI


While rhetoric by fossil fuel opponents “can be a bit extreme, our industry must demonstrate real commitment to a cleaner future, if we’re to be taken seriously in energy policy discussions,” he said. “The world needs the products that

Directors, Take Note: ESG Can Drive Value in 2020

Directors, Take Note: ESG Can Drive Value in 2020

Lexology


The message that environmental, social, and governance issues can drive stockholder value resonates ever more clearly today.

Oil & Gas 360 Publishers Note: Latham & Watkins LLP has hit the mark with this article. Our consulting services team at

February 22, 2020 - 6:42 pm Closing Bell Story‎, ESG
EnerCom Dallas – ESG for the oil and gas industry

EnerCom Dallas – ESG for the oil and gas industry

Oil and Gas 360


The EnerCom Dallas Energy Conference featured an outstanding panel on ESG (Environmental, Social and Governance) featuring Matthew Todd, Director of The Environmental Partnership; Chris Hughen, Associate Professor of Finance at the University of Denver; and Ken …

Source: Houston Chronicle

All eyes on Exxon, Chevron after BP vows carbon neutrality

Houston Chronicle


BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.…

Warrior Met Coal Publishes Inaugural Corporate Responsibility Report

Warrior Met Coal Publishes Inaugural Corporate Responsibility Report

Warrior Met Coal Publishes Inaugural Corporate Responsibility Report

February 3, 2020 - 9:00 am Coal News, Energy Related Manufacturing, ESG, Press Releases
Source: CNBC

Norwegian energy major Equinor to run ship fitted with ammonia fuel cells

CNBC


The European Union has awarded 10 million euros ($11.05 million) in funding to a scheme that is aiming to install an ammonia-powered fuel cell on a ship.

The beneficiary of the money, the ShipFC project, is a consortium of

This combination photo shows Swedish climate activist Greta Thunberg speaking at the COP25 summit in Madrid, Spain on Dec. 11, 2019, left, and President Donald Trump speaking at a campaign rally in Battle Creek, Mich. on Dec. 18, 2019. When climate activist Greta Thunberg, also 16, was named Time magazine's 2019 person of the year, President Donald Trump took to Twitter to call her choice “ridiculous." (AP Photo/Paul White, left, and Evan Vucci)

Oil industry in Davos: torn between Greta and Trump

Reuters


DAVOS, Switzerland – Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures.

It’s a Catch-22 situation: to meet ambitious emissions targets by investing in low-carbon technologies, they …

Source: Houston Chronicle

Exporting natural gas creates carbon footprint rivaling that of coal, data shows

Houston Chronicle


In May, while President Donald Trump toured a new $10 billion plant designed to prepare natural gas for export, he made a vow. Such facilities would be good for the environment, he said, or they won’t get approved.…

January 23, 2020 - 11:00 am Closing Bell Story‎, Energy News, ESG, LNG, Natural Gas News
Source: CNBC

Bank of America CEO says clients want to invest in companies ‘doing right by society’

CNBC


Bank of America CEO Brian Moynihan says money will keeping flowing to environment, social and governance funds (ESG) as more investors send the message that they want to own companies with a mission that aligns profits with broader social

Source: CNBC

Wind energy powerhouse Vestas announces plans for ‘zero-waste’ turbines

CNBC


Danish firm Vestas said Monday that it was aiming to produce “zero-waste” wind turbines by the year 2040.

The wind turbine manufacturer explained that its goal would mean operating a value chain that produced no waste materials.

This, it …

January 20, 2020 - 1:30 pm Closing Bell Story‎, Energy News, ESG, Sustainability
Source: Houston Chronicle

Oil and gas firms must invest in clean energy solutions to survive: IEA

Houston Chronicle


Oil and gas companies put their own survival at risk if they fail to adapt to providing clean-energy solutions to the world, the International Energy Agency said in a report Monday.

The Paris-based IEA said the largest oil and …

Senators Deploy Cancel Culture Strategy Against Marathon Oil

Senators Deploy Cancel Culture Strategy Against Marathon Oil

"The cancel culture is legit when some senators from Washington use the power of the government to do a mob-style shakedown"
Senators Sheldon Whitehouse- Brian Schatz - Martin Heinrich

Recently three Democratic Senators – Senators Sheldon Whitehouse of Rhode Island,

Source: apnews.com

Climate is changing. Investing needs to, too, says BlackRock

AP News


NEW YORK — A changing climate means dramatic risks for the world — and for investments too, the chief of the world’s largest investment manager said Tuesday.

To prepare for and protect against those risks, BlackRock CEO Laurence …

January 14, 2020 - 2:30 pm Closing Bell Story‎, Energy News, ESG, Renewable Energy
Source: Reuters

UAE to double renewable energy portfolio in next ten years: ADNOC

Reuters


ABU DHABI (Reuters) – The United Arab Emirates grew its renewable energy portfolio by more than 400% in the last 10 years, and is on track to double that again in the coming decade, Abu Dhabi National Oil Co. …

January 13, 2020 - 2:30 pm Closing Bell Story‎, Energy News, ESG, International
Source: CNBC

Energy markets are in transition, and investors are retreating. Here’s why

CNBC


While the stock market has boomed, energy stocks have not. Indeed, they have been the worst-performing sector over the last decade. Moreover, energy has dropped from 15% in 1990 to only 5% of the S&P 500 sector weightings in …

Cenovus sets bold sustainability targets

Cenovus sets bold sustainability targets

Oil and Gas 360


Company further integrates ESG into strategy to enhance business resilience

CALGARY, Alberta, Jan. 09, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is establishing ambitious environmental, social and governance (ESG) targets to guide …

January 9, 2020 - 3:30 pm Canada News, Energy News, ESG
Source: Reuters

ESG for the Oil and Gas industry – what you need to know for 2020

Oil and Gas 360

Happy 2020!

Over the past six months, EnerCom has been crisscrossing the continent and meeting with oil and gas executives and the investment community to talk about Environmental, Social, and Governance (ESG).

Source: Reuters

There are