Canadian oil and gas companies at financial risk due to climate policy

June 25, 2017 by Ronjoy Bezbarua

(Source: Globalnews.ca) A study by financial think-tank Carbon Tracker says Canadian oil and gas companies rank among some of the most exposed to climate policy risk. The report is part of an effort to increase disclosure on climate risks in the industry by looking at what projects and spending among 68 publicly listed companies might be jeopardized by a crackdown on emissions. Using the Paris Agreement goal of limiting global warming to two degrees and scenarios to achieve that put out by the International Energy Agency, Carbon Tracker calculated that about a third of the $4.8 trillion in oil and gas spending planned to 2035 isn’t needed if the industry is going to achieve the IEA emission targets. Read full article….

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