Why The World’s Top Oil Traders Are Going Green

Oil and gas companies have frequently been pilloried for trying to burnish their green credentials with half-hearted attempts at clean energy investments. The recrimination appears well deserved, considering the sector currently dedicates less than one percent of its capital spending to renewable energy despite its operations being responsible for 15% of greenhouse emissions. Oil traders, however, seem to be doing a better job at putting their money where their mouths are. The world’s largest oil traders are pumping hundreds of millions of…