┬áInvestors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production. The unprecedented initiative – dubbed the Net Zero Standard for Oil and Gas – details 10 required standards to help money managers compare companies’ strategies and understand whether they are aligned with United Nations-backed efforts to reduce global carbon emissions to net-zero by 2050. Oil and gas companies such as BP (BP.L) and Royal Dutch Shell (RDSa.L) have published targets and strategies aimed at battling climate change, but the huge variation in scope, definitions and ambition makes analysis and comparison exceedingly difficult for investors. At the same time, pressure has grown on portfolio managers and banks to ensure that their investments chime with the 2015 Paris accords […]