Sunday, August 23, 2020

CLIMATE CHANGE & DIVERSITY IN THE OIL PATCH

 For executives at Husky Energy's headquarters in Calgary, there is a new wrinkle in how their pay is calculated: climate change.

This is the first year the company is linking greenhouse gas emissions to compensation as part of a new plan that also includes a goal to reduce carbon emissions by 25 per cent over the next five years and set a similar gender-diversity target for management.

The measures come at a time when oil and gas companies around the world are competing for limited investment dollars, and those investors are increasingly focused on environmental, social and governance (ESG) issues.

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