In a significant shift within the global energy sector, Mexico’s state-owned oil company, Pemex, has recognized the concerns expressed by Norway’s Government Pension Fund Global (GPFG) regarding its environmental and governance practices. Despite this acknowledgment, the Norwegian fund has chosen to continue recommending divestment from Pemex due to ongoing challenges related to sustainability and corporate governance. This scenario underscores the increasing scrutiny fossil fuel companies are facing considering climate change and investor accountability. As international financial institutions reevaluate their investment strategies, the implications for both Pemex and Mexico’s energy landscape are substantial. This article delves into the dialog between Pemex and Norway’s wealth fund while exploring broader consequences of divestment in today’s shifting energy market.
Pemex’s Engagement with Norway’s Wealth Fund on ESG Concerns
Pemex is proactively addressing growing…
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Author : Olivia Williams
Publish date : 2025-05-14 06:03:00
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