‘ESG Now Impacts All Access to Capital,’ Energy Consultant Says

ESG profiles validated by quantifiable data are the “meat and potatoes” oil and gas investors are seeking for their capital support, says Pickering Energy Partners’ Daniel Romito.

‘ESG Now Impacts All Access to Capital,’ Energy Consultant Says

“ESG now impacts all access to capital…your insurance, your banking and your equity, is all heavily influenced,” Romito said at the Independent Petroleum Association of America’s Private Capital Conference on Jan. 20. “Now, it’s not the end all be all, but it is heavily influenced by your ESG profile.” (Source: Shutterstock)

HOUSTON—ESG has transcended being a checked box for oil and gas companies. Now investors are looking for improved disclosure of ESG-related issues supported by quantitative data to garner capital, according to Daniel Romito, director of ESG strategy and integration at Pickering Energy Partners.

“ESG now impacts all access to capital…your insurance, your banking and your equity, is all heavily influenced,” Romito said at the Independent Petroleum Association of America’s Private Capital Conference on Jan. 20. “Now, it’s not the end all be all, but it is heavily influenced by your ESG profile.”

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Mary Holcomb

Mary Holcomb is an Associate Editor for HartEnergy.com's Digital News Group. She contributes to the company’s technology-based content such as subsea, seismic, digital oilfield, etc.