More oil and gas companies going green

Dateline 2021-06-18, The Star:

Amid greater calls to address the climate change agenda, more local oil and gas (O&G) companies are taking steps to prepare for a greener future, including through commitments to reduce carbon emission and diversifying their investments into renewable energy (RE) assets.

Notably, O&G companies have been targets for scrutiny as they are seen to be operating in a highly carbon intensive business.

But contrary to public perception, BIMB Securities Research pointed out that many O&G companies listed on Bursa Malaysia are actually environment, social and governance (ESG) friendly companies – although they are stronger in the social and governance aspects.

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