Goldman Sachs Warns ESG Investors Against Rushing To Divest From Oil And Gas ...Middle East

Investors focused on the ESG rush to divest from oil and gas should focus instead on investment in renewables and other forms of low-carbon energy supply, Michele Della Vigna, Goldman Sachs’s head of natural resources research, told Bloomberg on Monday. “The focus on decarbonization is correct, but I think it needs to be driven by more investment, not divestment,” Della Vigna told Bloomberg in an interview. “The key is to move away from divesting oil and gas towards more investment in renewables and in low carbon.”…

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