Institutional investors responsible for $10.4 trillion worth of assets unveiled on Wednesday a net-zero standard that sets minimum expectations for what oil and gas companies must include in their plans to become net-zero businesses. The Institutional Investors Group on Climate Change (IIGCC) published today the ‘Net Zero Standard for Oil and Gas’ initiative, which stresses the need for targets for absolute and intensity emission reduction, as well as aligning capital expenditure and production with a net-zero target. The standard “acknowledges…
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