For executives at Husky Energy's headquarters in Calgary, there is a new wrinkle in how their pay is calculated: climate change. The measures come at a time when oil and gas companies around the world are competing for limited investment dollars, and those investors are increasingly focused on environmental, social and governance (ESG) issues. The sector is making improvements on lowering its greenhouse gas intensity, but it's still known for producing a high-carbon source of oil. WATCH | Olaf Weber explains why investors care about climate change:The University of Waterloo professor says investors have financial concerns about climate change. The oil and gas industry has worked on environmental initiatives for many years, she said, but only now is it starting to get credit for what it's done.

Source: CBC News August 23, 2020 07:52 UTC