Occidental - carbon capturing the imagination
- Jack David
In recent years, a range of geopolitical factors, public and regulatory pressure, court action and investor activism has led to a sharp downward trend in investment in oil and gas. Some companies are forging forward with a business-as-usual attitude, and signs of an increase in investment in 2022 are no doubt going to facilitate this further. But a few companies seem to be taking the stark warnings from the likes of the International Panel on Climate Change (IPPC) and the International Energy Agency (IEA) seriously; that there must be no new oil and gas fields approved for production if we are to limit global warming to a safe level. For those investors wishing to align with science, it can be difficult to know where to stand on the topic.