Investors feel growing pressure to move away from fossil fuels, survey finds

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Investors feel growing pressure to move away from fossil fuels, survey finds
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The findings show divides and convergence with climate advocates.

On the divides front, nearly 70% say companies should be "actively pursuing" growth in natural gas production, with 85% seeing it as a "bridge" toward decarbonization.BCG predicts increasing pressure on the oil industry. "Only 39% of respondents currently factor climate risk into their valuations of [oil-and-gas] companies, but another 40% say they plan to follow suit," BCG notes.

59% are "uncertain" about its value, while 37% see it as "value accretive." There's higher confidence in renewable power, storage and hydrogen.

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