Climate Change Could Rain on Saudi Aramco IPO Parade

published:22/08/2019 04:35 GMT

Saudi Aramco’s biggest asset could also be a liability. The state energy giant’s vast oil reserves – it can sustain current production levels for the next 50 years – make it more exposed than any other company to a rising tide of environmental activism and shift away from fossil fuels. In the three years since Saudi Crown Prince Mohammed Bin Salman first proposed a stock market listing, climate change and new green technologies are putting some investors, particularly in Europe and the United...More