Business, News

Saudi Aramco’s value at risk from climate change policies – Financial Times

Saudi Arabia’s crown prince Mohammed bin Salman, who is spearheading the planned economic overhaul of the kingdom, is pushing for a $2tn valuation for Aramco, but that target has come under scrutiny, with the Financial Times’ own analysis estimating a figure of between $880bn and $1.1tn.

However, the Oil Change modelling suggests the company’s valuation is dominated by the oil price, which in turn is shaped by climate policies worldwide.

Aramco declined to comment.

They also say the environmental impact of producing oil from Saudi reserves — some of the world’s easiest to exploit — is less than hard to reach crude in other countries.

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