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Investors globally call for greater transparency on climate change exposure from oil and gas companies

18-Mar-10 13:28 | IGCC Secretariat (administrator)
18th March 2010, BOSTON/LONDON/MELBOURNE—Institutional investors released new climate disclosure guidelines for the oil and gas sector today and called on companies to strengthen their reporting on the risks and opportunities from climate change and evolving regulation.

Identifying significant future investment value at risk, the investors said that levels of transparency from oil and gas companies now needed to reflect the shift in regulation internationally because of climate change.

Over 40% of global greenhouse gas emissions can be attributed to the extraction, processing and subsequent combustion of oil and gas and the transition to a low carbon global economy will require a significant reduction in the use of these carbon-intensive fossil fuels.

Click here to download a copy of the media release

Click here to download a copy of the guidelines
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