Dutch investor statement on oil and gas: “Prove your commitment to the Paris Agreement”
Earlier this year, we, a group of like-minded Dutch investors, published a statement outlining the objectives that oil and gas companies should pursue to be aligned with the Paris Agreement objectives. Since that time, energy prices have increased substantially and energy security has become a critical issue. Although we believe the current energy crisis emphasizes the need to diversify away from fossil fuels, we acknowledge that the path to net zero is complicated and requires a nuanced, pragmatic, yet still ambitious approach that involves both the supply- and demand-side of energy.
Although there has been commendable progress in the past few years, no oil and gas company has fully convinced us of their alignment with the Paris Agreement yet. Therefore, we call on oil and gas companies to prove to their investors and the general public that their strategies will contribute to global emission reductions by 2030 in line with a 1.5°C warming pathway. Read in the download the three recommendations to do so.