Asia-Pacific lags global oil and gas industry in shift from carbon

The oil and gas (O&G) sector in the Asia-Pacific (APAC) region is likely to find fundraising trickier, particularly to support fresh capacity, according to this new report by the Institute for Energy Economics and Financial Analysis (IEEFA). O&G company financing is subject to the practices of their financiers, underwriters and advisors. However, more financial institutions are joining a worldwide alliance that is committed to less funding of fossil fuel operations, which include making no new direct investments in upstream production.