Index provider FTSE 100 has classified a group of oil & gas producers as “ non - renewable energy ” to distinguish them from greener alternatives which have been reclassified as “ renewable energy . Wishful thinking counts for nought; reality, no matter how chastening, is all. The LSE has changed its methodology last week , while the Bloomberg Technology Index and the FTSE Indices will maintain the legacy benchmarks until June and September 2020 respectively . Petrofac is among the companies that are in the non - renewable category .
Index provider FTSE 100 has classified a group of oil & gas producers as “ non - renewable energy ” to distinguish them from greener alternatives which have been reclassified as “ renewable energy . The LSE has changed its methodology last week , while the Bloomberg Technology Index and the FTSE Indices will maintain the legacy benchmarks until June and September 2020 respectively . Petrofac is among the companies that are in the non - renewable category .