As sustainability has moved up the agenda across the globe, politicians, investors, corporates, and multinational funding bodies have taken note. In the public sector, governments and intergovernmental organisations have drawn out long term plans to decrease the energy sector’s carbon footprint. Similarly, financial organisations - from international commercial banks to local investors - have developed principles-based approaches to assess the suitability of their investments, based on a wider range of criteria. Now, the architype is for a profitable investment, but also one that meets certain environmental - and often social and governance - standards. That’s balanced, with the need to maintain oil and gas outputs in order both to maintain profitability and meet regional energy requirements.
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