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Arvind Sanger - The Sustainable Energy Transition

The Business Brew

CHAPTER

The ESG Effect on Oil Company Investment

The energy companies did not budge. They just took that surplus cash and any time an energy company announced increase in capex, their stock price would take a hit. Do not completely dismiss the ESG effect on oil company investment. And if you look at the Europeans, Shell had a decision at the Hague by an activist judge saying that they must reduce their CO2 output by 40% by 2030.

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