An ESG Backlash Erupts in Europe on World’s Strictest Rules
For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of Exxon Mobil Corp., the largest US producer of oil and gas, is in no small part explained by an acronym: ESG.
Exxon’s aggressive oil and gas strategy has been rewarded by investors, with its shares more than doubling in the past three years. For Europe’s second-biggest oil company, in contrast, pressure on the region’s asset managers to invest using environmental, social and governance standards has capped gains and prompted Pouyanne to flirt with the idea of listing shares in the US.
Related
European markets set to open higher after Christmas closure
European stocks were set to open higher on Friday, as regional markets resume trading following a closure for the Christmas holiday.The FTSE 100 is expected to
EU and Switzerland agree deal to deepen relations – EUbusiness.com…
The European Commission and Switzerland completed negotiations Friday on a broad package of agreements to deepen and expand the EU-Switzerland relationship.“T
Qatar will ‘stop’ EU gas sales if fined under due…
Stay informed with free updatesSimply sign up to the EU business regulation myFT Digest -- delivered directly to your inbox.Qatar has threatened to stop vital g
Ladies European Tour unveils 2025 tournament schedule
6.00pm 20th December 2024 - Sponsorship & Events - This story was updated on Saturday, December 21st, 2024 The Ladies European
