This week saw two oil companies take two very different approaches to climate change. One has recognised the impact that global efforts to cut emissions will have on its bottom line while the other denies climate action will have any adverse impact.
I’m talking about Shell and Chevron. Both behemoths in the energy world but with drastically opposite views sitting on either side of the Atlantic.
This week Shell released its latest annual report for the year up to December 2015. Reading through it, it quickly becomes clear that the company has started joining the dots on climate change following the Paris climate agreement and mounting shareholder pressure.
The financial sector needs to show leadership by providing trillions of dollars for green growth projects, Patricia Espinosa, executive secretary of the UN Framework...