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 LSE has changed its indices last week, while the Russell US Index and the FTSE Indices will use the legacy benchmarks until June and September 2020 respectively. This change reflects a new awareness around climate change. In an announcement on Monday, the company said it would be using the new names for two groups of energy producers: those that produce electricity or heat but don't generate any carbon emissions, such as wind
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 LSE has changed its indices last week, while the Russell US Index and the FTSE Indices will use the legacy benchmarks until June and September 2020 respectively. In an announcement on Monday, the company said it would be using the new names for two groups of energy producers: those that produce electricity or heat but don't generate any carbon emissions, such as wind