CERAWeek by S&P Global — an annual global energy conference focusing on the industry's biggest goals and challenges — began on Monday in Houston, Texas. The conference brings together all manners of professionals, including senior executives, government officials, academics, and more. One of the main overarching themes for the conference is the energy transition and how companies and governments can join in on that transition. S&P Global (SPGI) CEO Douglas Peterson — whose company organizes the conference — joins Yahoo Finance's Julie Hyman to discuss the future of energy transition, benefits from President Biden's Inflation Reduction Act, and other prevalent themes part of the CERAWeek conference's overall discourse. Peterson comments on recent rules passed by the Security and Exchange Commission (SEC) for companies to disclose environmental and climate goals and improve transparency over those goals: "I think it's a really good idea to have consistent standards and, first of all, I'm going to say globally. There's an organization called the International Sustainability Standards Board, the ISSB, that is looking at ways to have consistent standards for disclosure about climate action around the globe, and the US needs to get on board. And the US actually is a member of the ISSB, which comes from the IFRS [International Financial Reporting Standards Foundation]. I was encouraged that the rule that came out was one where both the environmentalists and some of the others were against it. Means that maybe they're starting to hit the right balance on it." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Experian, FactSet Research Systems and Intertek have been highlighted in this Industry Outlook article.
The 39th annual World Petrochemical Conference (WPC) by S&P Global will be held March 18 to 22, 2024 at the Marriott Marquis Hotel in downtown Houston.