Energy Investment

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

There's not as much willingness in general to invest in any energy companies in Europe, says Nick McGaugh. In the US, sometimes investors are looking at a European oil company and thinking, well, they're putting more effort into green initiatives than the American ones are. So on a relative basis, they think of it as a pro ESG bet rather than something that they should avoid for sustainability reasons. If they're seeing how investors reward or punish them for different levels of investment in the energy transition, that could then influence future decisions whether they bother making more investments in green energy.

Environmental group Greenpeace has started legal proceedings against the UK government to try and block new North Sea oil and gas exploration licences, European oil companies are attracting US investors who view them as cheap compared to American energy stocks, and Pegasus spyware maker NSO Group is betting that victory by Benjamin Netanyahu will restore its fortunes.

Mentioned in this podcast:

UK oil and gas licensing faces legal challenge from environment groups

US fund managers cross Atlantic to buy European oil stocks

Israel’s NSO bets its future on Netanyahu’s comeback

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.