Combined with a shaky outlook for the world economy and trade tensions, the campaign to push institutional investors to withdraw from fossil fuel stocks has contributed to driving down share prices.
The Papua LNG gas agreement is one of two agreements needed for Total and its partners, Exxon Mobil and Oil Search, to go ahead with the LNG expansion plan.
Institutional investors think equity markets have peaked, hedge fund returns haven’t met expectations and other alternatives such as real estate are overvalued—but they continue to want natural resources in their investment portfolios.
The lender group for Venture Global's $5.8 billion construction financing includes the world's leading Asian, European and North American project finance banks, the company said.
E.ON said it had had already sold nearly half of the subscription rights for the 440-megawatt wind farm to Austin Energy, the Texas city’s community-owned electric utility.