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Transcripts for BBCNEWS Nicky Campbell 20240604 08:48:00

Insulating houses, for example, that could halve it. could halve it. it s worth pointing out that china could halve it. it s worth pointing out that china are could halve it. it s worth pointing out that china are investing - could halve it. it s worth pointing i out that china are investing hugely in renewables, they are on course to hit their wind and solar power targets five years ahead of time. there is also the whole business, i just want you to address this and then tell us about carbon capture, then tell us about carbon capture, the whole issue about, oh, the fossil fuel giants, the whole issue about, oh, the fossilfuel giants, they the whole issue about, oh, the fossil fuel giants, they are fuelling the addiction to fossil fuel. surely it is in their interests to move away and move on and transition, because of what is called stranded assets. it s going to become. all of these assets are going to become so much less valuable in years to come. if you like, that is the finan ....

Solar Power , Carbon Capture , Fossilfuel Giants , Fossil Fuel Giants , Stranded Assets , Fossil Fuels , It Alread ,

Big Oil Is Backing Rhetoric With Capital, Per Goldman Sachs

"Big Oil" executives have promised to increase capital to their core businesses during 2023. A new report from Goldman Sachs shows these statements are not just rhetoric. ....

United States , Goldman Sachs , Big Oil , Enverus Daily Rig Count , Stranded Asset , Top Projects , Oil And Gas , Stranded Assets , Oil Prices ,

Why do asset managers backing net zero still have $417bn invested in oil and gas majors?

Net Zero Asset Managers signatories are risking their own reputation as well as their client's investments by continuing to back oil and gas majors to the tune of hundreds of billions of dollars, Carbon Tracker warns ....

In Depth , Carbon Tracker , Net Zero Asset Managers , Capital Group , Stranded Assets ,

Transcripts for BBCNEWS Newsnight 20240604 00:03:00

Yet activists in favour of shareholder pressure within a company can point to the example of the danish firm 0rsted, which, since 2010, has successfully transformed itself from a fossil fuels company to a renewables giant. it s worth comparing the share price of 0rsted with bp since 2016. 0rsted is up 134%. bp, the yellow line, even after last year s jump during the energy crisis, is only 42% higher. it s a similar picture for most fossil fuel companies. their share prices over the longer term have stagnated relative to renewable companies. shareholder activists also point to the danger of so called stranded assets fossil fuel reserves that can t be extracted by these firms, either because the demand will not be there in the decades ahead or mining them will be prohibited. from this point of view, shareholders are protecting their investment by pressuring managers to re orientate their businesses away from fossil fuels and towards renewables. ....

Shareholder Pressure , Share Price , Renewables Giant , Firm 0rsted , Energy Crisis , Yellow Line , Fossil Fuel Companies , Shareholder Activists , Share Prices , Fossil Fuel , Stranded Assets , Point Of View , Fossil Fuels , Pressuring Managers ,