Google+ Followers

Sunday, 13 August 2017

Saudi Aramco’s value at risk from climate change policies

Saudi Aramco’s value at risk from climate change policies:

"The valuation of Saudi Aramco, which is planning its initial public offering for next year, could be greatly cut by policies to address the threat of global warming, an environmental campaign group has warned.

Oil Change International has calculated that policies to meet the Paris climate agreement’s commitment to limit global warming to “well below” 2C could reduce the value of Saudi Arabia’s state energy group by about 40 per cent.

“New York and London have been competing hard to get the Aramco listing, but I don’t think they have been paying enough attention to how much it would increase oil price risk and climate risk for investors,” said Greg Muttitt of Oil Change."



'via Blog this'