Oil Supermajors Named and Shamed Over Water Investments
Published on by Water Network Research, Official research team of The Water Network in Business
The oil industry has been named and shamed as a laggard in global efforts to increase investment to tackle water scarcity.
Royal Dutch Shell and Exxon Mobil were both name-checked as the worst offenders for “persistently” failing to reveal water data to their investors via global disclosure group CPD.
By Jillian Ambrose
Representative image, source: PxHere
The report found that only 37 of the 138 energy companies agreed to disclose their investments in water projects, despite growing interest in water scarcity in the boardrooms of other industries.
Across the global economy 70pc of companies reported their oversight of water issues this year, while investment in water projects such as desalination plants, reclaiming waste water or improved irrigation to avoid droughts boomed to $23.4bn of investment across 1,000 projects in 91 countries.
But according to the UN $6.4 trillion (£4.9 trillion) of investment is needed globally by 2030.
Read full article: Telegraph UK
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Taxonomy
- Business Strategy
- Stormwater Management
- Produced Water From Oil & Gas Industry
- Water Management
- Consumption
- Oil Field Chemicals
- Oil Spill Treatments
- Oil Production Platforms
- Oil Sand Extraction
- Heavy Oil
- Oil & Gas