Changing Oil

The study finds that environmental risks could reduce shareholder value across the oil and gas industry by 1 to 6 percent, though impacts vary by company based on their asset bases and reserve distributions. While some companies might benefit from rising natural gas prices or grandfathered greenhouse gas emission permits, the report suggests that investors may not currently be accounting for these financially significant risks.

• Environmental risks, specifically climate change policies and limited access to reserves, could lead to a decrease in shareholder value across the oil and gas industry ranging from 1 to 6 percent.
• The financial impact of these environmental issues varies among the 16 companies studied due to differences in their distribution of reserves and asset bases.
• Certain scenarios could result in financial gains for companies if greenhouse gas emission permits are grandfathered or if the price of natural gas increases.

APA

World Resources Institute (n.d.). Changing Oil. https://www.wri.org/research/changing-oil

Chicago

World Resources Institute. Changing Oil. n.d. https://www.wri.org/research/changing-oil.

Wikipedia

{{cite report |author=World Resources Institute |title=Changing Oil |url=https://www.wri.org/research/changing-oil |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendchanging, author = {{World Resources Institute}}, title = {{Changing Oil}}, institution = {World Resources Institute}, url = {https://www.wri.org/research/changing-oil}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }