Business
Woodside caught in S&P’s climate crackdown – The Australian Financial Review
Woodside may have its prized credit rating cut because of heightened risks across the oil and gas industry, including in the transition to low-carbon fuels, Standard…
The advice comes after the head of investment giant BlackRock, the worlds biggest passive investor, told 1000 global chief executives of carbon-intensive companies to lift their game on climate or risk being dumped from the portfolio.
Larry Fink said CEOs making insufficient preparation to transition to net zero emissions would see their companies axed from BlackRocks funds.
S&P said the energy transition was throwing up significant challenges and uncertainties because of declines in oil and gas…
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