Taking Stock 

Fossil fuel divestment spurs consolidation

Mark Robinson

Fossil fuel divestment spurs consolidation

Some oil companies are simultaneously trying to convince the public that they’re cleaning up their acts on the environmental front, while lobbying governments to either substantively amend, delay, or even reverse related legislation. This apparent contradiction stems from the fact that the fiduciary duty of directors is rapidly extending beyond the maximisation of shareholder value to encompass environmental and/or social stewardship. It’s a tough balancing act.

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