Accelerating the transition to a diverse, sustainable and profitable energy economy

Macquarie Group presents itself as a leader in the global transition to net zero emissions by 2050, but its billions of oil and gas investments are at odds with its commitment to the 1.5°C goal.

The Asia-Pacific (APAC) oil and gas players and financiers are failing to keep pace in the net-zero transition landscape.

STEAG’s strategy for phasing out coal is so far non-existent, raising the concern that the current 4.1 GW of coal-fired generation will keep running until 2038—the new proposed coal exit date according to the German Energiewende.

The sum of the financial, environmental, political and legal risks facing the Papua LNG project are issues financiers to the project must carefully consider.