ESG in Energy
As large firms like Blackrock add more sustainable-oriented offerings to their product lines, an energy transition continues. Summary points follow.
• Behemoth investor Blackrock announced a tougher stance on climate risk disclosure.
• Increasingly, the large- and medium-cap energy firms will solidify and mature their positions with respect to ESG principles.
• The timing of the energy transition is challenging to identify but the fundamentals still apply.
See the editor’s pick full article on Seeking Alpha.
Coronavirus and Oil Demand
In other economic news, the coronavirus has trickled through to oil demand in China and elsewhere. Select summary points follow.
• China's influence in the global economy has grown since the SARS outbreak, highlighting a bigger hit to the more highly-interconnected global outlook.
• OPEC is debating further production cuts to shore up oil prices and budgets.
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