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Environmental risks could reduce shareholder value of oil and gas companies. (News).(Brief Article)
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 them, however, were relatively insulated due to the unique profiles of each company. Companies are differently positioned to respond to these environmental issues, by virtue of different business concentrations, asset mixes, and geographical scope of operations, the report said.
"Investors ignore environmental issues at their own peril," said Duncan Austin, WRI economist and co-author of the study. "A company's environmental performance is relevant not just for shareholders wishing to invest responsibly, but for any shareholder interested in the return on their investment. Environmental issues can have a ...
- RUSSIA-KYOTO-PROTOCOL-ROUND-TABLE-ANNOUNCEMENT.
- Newspaper article from: Energy News August 14, 2002 700+ words
Kyoto Protocol round table to take place...table discussion "The Kyoto Protocol: plusses and minuses...the ratification of the Kyoto Protocol and also the development...A number of oil and gas companies have confirmed their...
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...out the rules under which the 1997 Kyoto Protocol on Climate Change will operate. But...to determine the fate of the 1997 Kyoto Protocol on Climate Change. After five such...Contrary to popular understanding, the Kyoto Protocol is not a done deal. The Protocol...
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- Newspaper article from: Yomiuri Shimbun (Toyko, Japan) November 15, 2006 700+ words
...after the U.N. climate treaty's Kyoto Protocol expires in 2012 at a two-week U...second meeting of the Parties to the Kyoto Protocol (COP/MOP2) was opened on Nov...greenhouse gas reduction. The 1997 Kyoto Protocol mandates industrial nations to cut...
- The Kyoto Protocol should be considered just the first lap in a long race to...
- Press release article from: M2 Presswire May 7, 2008 700+ words
...PRESSWIRE-7 May 2008-CSIRO: The Kyoto Protocol should be considered just the first...Practice conference, Dr Jones says the Kyoto Protocol represents the starting line for a...Melbourne, the major benefits of the Kyoto Protocol will not be the reductions in climate...
