Index provider FTSE Russell has relabelled a group of oil & gas producers as “non-renewable energy” to segregate them from greener alternatives which have been reclassified as “renewable energy. This change reflects a new awareness around climate change. The the FTSE Indices has changed its indices June and September 2020 , while the the FTSE Indices and Russell US Index will use the legacy benchmarks until June and September 2020 respectively. Petrofac is among the companies that are in the non-renewable category.
Index provider FTSE Russell has relabelled a group of oil & gas producers as “non-renewable energy” to segregate them from greener alternatives which have been reclassified as “renewable energy. The the FTSE Indices has changed its indices June and September 2020 , while the the FTSE Indices and Russell US Index will use the legacy benchmarks until June and September 2020 respectively. Petrofac is among the companies that are in the non-renewable category.