PEER STRATEGY

Divestments Nudge Majors Toward Climate Targets

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  • Western majors have been selling assets at a steady clip in recent years in an effort to support short-term financial requirements and longer-term strategic goals.
  • Divestments have also been a core element of majors’ strategies to cut greenhouse gas emissions to help achieve climate-related objectives.
  • Sales could accelerate ahead of looming 2030 emissions targets as investors, regulators and stakeholders increase pressure on companies to offload their most polluting assets.

The Issue

Topics:
CO2 Emissions, M&A, Corporate Strategy, Majors, ESG
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