Oil Industry Under Intense Scrutiny at WEF 2020

Oil Industry Under Intense Scrutiny at WEF 2020

The 50th meeting of the World Economic Forum was dominated by the global threat posed by climate change and the carbon economy.. Teenage environmental activist Greta Thunberg slammed inaction over climate change as the global oil industry found itself under intense scrutiny on the opening day of the World Economic Forum in Davos.. The challenge Occidental and other oil companies face is to make investors understand what is happening in this area of carbon sequesteration, she added.. The investment community at Davos is also looking hard at the oil industry in the face of mounting investor concerns..