ShareAction has published an investor briefing to accompany a report from the Carbon Tracker Initiative, “Carbon supply cost curves: Evaluating financial risk to oil capital expenditures” which argues that if oil companies are to create optimum value for shareholders they need to focus on lower cost, lower risk projects which give better returns. This briefing highlights some of the main findings from that report and suggests questions pension funds may wish to ask their fund managers to check that they are alert to these issues and engaging with oil companies to ensure the creation of optimum shareholder value.
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