Net Zero policies may come under pressure as profitablity forces banks and energy giants to rethink rejection of fossil fuels

LONDON (ICIS)–Tell me what you think about Net Zero and I will tell you who you are – has become a zeitgeist of the energy sector and society at large in the past decade or so.

After all, “science has settled” on man-made climate change, the media have certified this as “fact” and activists in their teens and eighties never let us forget about the dangers with actions that scream louder than words.

Those who doubt the wisdom of the day have generally remained politically correct and silent.

Under pressure from environmentalists and politicians, industry heavyweights have been changing their strategies, brand names and allocation of resources towards green projects, which – after all – come not only with moral high ground but also hefty subsidies.

 

 

 

Published by: www.icis.com

Katya Zapletnyuk

28-Jun-2024