The Climate Change and Asset Management Dilemma

There is a rich irony to global oil companies declaring record profits immediately before the CoP 27 climate change conference being held currently in Egypt. According to United Nations Secretary General, Anthony Guterres, the global pledge to keep global warming below 1,5˚C above pre-industrial levels is “on life support”. Rather than halving greenhouse gases before the 2030 target, they are projected to rise 14%. According to the latest report from the authoritative World Resources Institute, we are not on track to meet any of the 2030 climate change commitments made at the 2015 Paris climate summit.