COP21 increases pressure for financial risk disclosure
Flaring at an Exxon refinery in Louisiana. Shareholders voted against stronger rules to do with climate change. (PA)
Investors increasingly concerned about the impact of climate change on their holdings in energy companies are triggering a change in global reporting standards, speakers at the Carbon Expo in Cologne said on Thursday.
"We generally have reached a tipping point in terms of the economic implications of climate change and the momentum will only increase," Mark Lewis, veteran EU carbon and energy analyst with Barclays, told Interfax Natural Gas Daily.