Summary: A growing number of financial institutions are moving their investments from fossil fuels into less polluting projects and resources. So what do oil and gas companies make of this shift? Some of them are waking up to the clean energy transition in response to investor pressure. But there are leaders and laggards when it comes to oil and gas companies and reducing greenhouse gas emissions. There are also valid concerns about greenwashing. And yet, some of these firms are fundamentally reshaping the way that they do business. In this episode, the latest in Political Climate’s special DITCHED series, we look at the pressures oil and gas companies are under to go low-carbon with Valentina Kretzschmar, vice president of corporate research at the research firm Wood Mackenzie. Recommended resources:FT: Why ExxonMobil is sticking with oil as rivals look to a greener futureWoodMac: Could clean energy be the winner in the oil price war?NYT: Shell and Total report big drop in profits, but made clean-energy investments.Earther: Maybe It's Time to Retire the Phrase 'Big Oil'E&E: How one fossil fuel company became a green giantPolitical Climate: Is There a Role for Oil and Gas in a Green Recovery? Episodes of DITCHED will air Mondays over the next several weeks. Listen and subscribe to Political Climate on Apple Podcasts, Spotify, Stitcher, Google Play or wherever you get podcasts! You can also find DITCHED episodes via Our Daily Planet.
