EnergyWatch

ESG now applied as weighty factor in credit ratings

The recent cyberattack on the Colonial Pipeline and a new ruling against Royal Dutch Shell highlight that ESG criteria now set the agenda.

Photo: FRANCOIS PICARD/AFP / AFP

Observant readers will have taken note of the recent cyberattack on the Colonial Pipeline Company, the US' largest pipeline operator.

The ransomware attack struck on Friday, May 7, and resulted in the halted flow of 3 million daily barrels of fuel refined along the Gulf of Mexico supplying the entire US east coast.

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