hi there i'm rose jacobs here with you for kalkine media today we're going to look at
the tough climate transition path and should you hold the following ftse 100 oil stocks
first make sure you press the bell icon for all the latest updates right here on kalkine media
a coalition of 10 investor groups has laid out a climate transition pathway for big oil including
majors such as royal dutch shell bp france's total and others in a net zero standard for the
oil and gas report published today global oil giants are facing a tough road ahead
to tackle the climate emergency thus the investor group institutional investors group on climate
change or iigc set out a blueprint of about 10 standards in corporate reporting and achieving
investor requirements to help investors compare energy companies decarbonisation strategies
the coalition of investors have a combined total of u.s 10.4 trillion dollars in assets under
management or aum the unprecedented reporting standard was arrived at following several
high-level discussions between investors and global oil giants spanish oil and petrochemicals
giant repsol bp shell and total will form the core member group to tackle the path towards achieving
net zero carbon emissions by the year 2050. institutional investors private equity firms
banks and other money managers have increasingly faced pressure to ensure their investments align
with the paris agreement signed in 2015 to limit global heating to 1.5 degrees celsius
from pre-industrial levels well shell bp and others have already announced their climate
transition plans they have not been as aggressive and targeted as having a uniform set of standards
in the net zero standard for oil and gas let us look at the number two ftse 100 oil and gas stocks
and see how they reacted to the development number one royal dutch shell plc royal dutch
shell is an oil and gas major and also part of the core group of oil majors working with the new iigc
on the standards the company declared its q2 2021 dividend payments recently of euro 0.2024
per share for a shareholders and it will be paid out in euros b-class shareholders were paid out
earlier this month in pounds sterling at 17.38 pence per share shell's market cap standards at
around 59 467.97 pounds and bp is another uk's based oil and gas company reporting interim
dividends of u.s 0.0546 per share today and this will be payable in pound sterling on the
24th of september the dividends will have an exchange rate of one pound equal to us
1.38126 cents bp was the highest riser on the ftse 100 despite the news
bp's market cap stands at around 60 233.58 million pounds so you're wondering what is the bottom line
despite making net zero goals most oil majors have been lagging in their efforts in their move
towards decarbonisation this report will bring in a much needed standardized method of tracking
a company's un-backed climate transition efforts and ultimately help climate conscious investment
to flow into the sector this will also force oil companies that have yet not
made aggressive climate targets to adhere to the new standards and that's it for today
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and go to kalkinemedia.com for all our latest i'm rose jacobs and i'll see you next time
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