Climate change could rain on Saudi Aramco’s IPO parade

Saudi Aramco’s biggest asset could be a liability.

The state energy giant’s vast oil reserves – it can sustain current production levels for the next 50 years – make it more exposed than any other company to a rising tide of environmental activism and shift away from fossil fuels.

In the three years since Saudi Crown Prince Mohammed Bin Salman first proposed a stock market listing, climate change and new green technologies are putting some investors, particularly in Europe & the United States, off the oil and gas sector.