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first_imgSurvey finds private equity investors looking to boost renewable holdings, cut oil and gas ties FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Roughly 40% of private equity investors say they will be reducing investments in the oil and gas sector in the next five years because of climate change concerns, according to a winter outlook survey conducted by secondary market investment firm Coller Capital Ltd.“Limited partners who do expect change to their investment strategies are broadly planning to replace oil and gas exposure with investment in renewable energy and climate-friendly products and services,” Coller said in the survey’s Nov. 28 release.While 57% of the 113 limited partner investors surveyed in Europe and Asia said they were changing energy strategies in reaction to climate change, only 30% of North American limited partners said the same, according to the survey. Just 16% of those in North America expect to need to make these modifications within the next five years, the survey found. More than one-third of those surveyed said they would be reducing investment in oil and gas, 42% said they would put more money behind climate-friendly goods and services, and 40% said more investment cash would go to renewable energy, according to the survey. [Bill Holland]More ($): Concerned over climate, PE investors looking to leave oil, gas for renewableslast_img read more