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Climate change will bite hard-IV: Lessons from global oil majors
Nov 07: Indian oil companies can draw lessons from a report carried here that examines the ten largest integrated oil and gas majors in North America and Europe and looks at how thoroughly they are disclosing on some key climate-related metrics likely to have a major impact on the future shape and value of their businesses.
8Like with this study, Indian companies will also need to identify climate issues currently being driven in part by significant regulatory pressures which are likely to impact revenue streams and costs
8Eventually, climate change disclosures are likely to become routine in India
8The factors that will have an influence are: a price on carbon, zero emission vehicles, renewable power generation and greenhouse gas emission standards and targets.
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