April 26, 2018 Read More →

Fund Managers Say Oil Firm Valuations at Risk From Climate Change

Reuters:

LONDON—A survey of 30 fund managers with collectively more than 13 trillion pounds ($18 trillion) in assets under management shows that 89 percent think climate change risks will impact oil company valuations “significantly” in the next five years.

This represents a doubling on last year of fund managers who saw climate risks impacting oil firms in five years

The annual survey was carried out by the UK Sustainable Investment and Finance Association and the Climate Change Collaboration

Sixty-two percent see peak oil demand impacting valuations in five years and peak gas demand impacting valuations in 10 years.

Some of the fund managers surveyed include BlackRock, Aviva Investors, Deutsche Asset Management, HSBC Global Asset Management and Schroders.

More: Fund Managers Expect Climate Risks To Hit Oil Firm Valuations-Survey

Comments are closed.