Eni SPA

French fund rule puts $7.6 billion of oil, gas assets at risk

16/11/2023

By Bloomberg

A French rule targeting ESG funds has the potential to force oil and gas divestments of €7 billion ($7.6 billion), according to an analysis by Morningstar Inc (NYSE: MORN).

An oil drilling platform sits on board the world's largest construction vessel, the Pioneering Spirit, in the Bomla fjord near Leirvik, ahead of its transportation to the Johan Sverdrup oil field, Norway, on Friday, June 1, 2018. Equinor ASA has reduced the break-even price to below $20 a barrel in its flagship Johan Sverdrup oil project in the North Sea. Photographer: Carina Johansen/Bloomberg

Oil & Gas

Big Oil climate targets not enough to meet Paris agreement, report finds

12/05/2020

By Bloomberg

European oil majors have made great strides in setting out plans to reduce greenhouse gases, but they aren’t enough to meet the goals of the Paris climate agreement, according to a report by money managers overseeing more than $19 trillion.