Finance
The Fossil Fuel Industry Is Talking About ESG Like Never Before
Major U.S. oil and gas companies are discussing climate change and sustainability on their conference calls. That’s a big change from the recent past.
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The U.S. fossil fuels industry is still churning out emissions, but it’s talking more than ever about what to do about them.
That, at least, is the conclusion of a Bloomberg analysis of conference calls involving the nation’s oil and gas behemoths, including Exxon Mobil Corp., Chevron Corp. and Kinder Morgan Inc. A search of ESG-related terms reveals how in the space of just a few quarters, the management teams of the industry’s leading companies went from being almost able to avoid the topic entirely to devoting significant time discussing it.