In its annual energy market review, which was completed prior to the oil market collapse, Willis Towers Watson concluded that investors' key concerns about risks in the energy sector are mostly related to climate change and ESG initiatives.
The consulting firm said the oil price war and the reduction in demand for hydrocarbons due to the COVID-19 pandemic will have significant impact on future energy industry risk management strategies.
Officials said that a satisfactory ESG rating will be “critical” in enabling energy companies to attract and maintain the support of key stakeholders in the . . .
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