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Repsol receives an award for its green bonds that combat climate change

Spanish oil company Repsol has been awarded the Petroleum Economist Awards for being a pioneer in issuing certified green bonds to reduce emissions in its operations and improve the efficiency of its facilities in order to combat climate change.

London, Nov 23 (EFE) .- The Spanish oil company Repsol has been awarded the Petroleum Economist Awards for being a pioneer in issuing certified green bonds to reduce emissions in its operations and improve the efficiency of its facilities in order to combat climate change.

At a ceremony held in London, the corporate director of Finance and Relationship with Repsol Investors, Paul Ferneyhough, picked up the award and stressed that it is a recognition of the company's work to combat climate change.

"This award confirms our commitment to environmental sustainability and our priority objectives. what we are doing, "he told Efe Ferneyhough.

" The objectives we pursue, "he went on," are to achieve a low-emission future. "

Last May issuance of a 500 million euro certified green bond, which achieved great acceptance among investors, Repsol became the first oil company in the world to carry out a action of this type.

The jury of the awards given by the prestigious magazine Petroleum Economist valued the innovation and commitment of the oil company to reduce emissions, as well as the improvement of the efficiency of its facilities thanks to the funds derived from green bonds.

Through them, more than 300 projects that will reduce emissions will be financed. and improve efficiency through technological innovation.

"Repsol is proving to be a leader in its sector, since it is focused on providing affordable energy in a context in which it is also reducing its impact on the environment, "said Ferneyhough.

Regarding the challenges posed by climate change and the performance of the sector Energy, said that there are "certain companies that are focused on renewable energy."

He pointed out, however, that Repsol's objective is not only to develop this type of energy, but also make sure they focus "on the things they know how to do best" and cause "less impact on the environment", as, he said, "we are already doing".

Helen Robertson, editor of the Petroleum Economist, said, in statements to Efe, that the objective of the awards is to reward "the companies and individuals that are really making progress industry and meeting the challenges we face now that have been transformed in the last ten years. "

This implies, he added," to provide the world with energy that is at the same time, safe and sustainable ".

Thus, he stressed that the award obtained by Repsol is an acknowledgment for being" a key and innovative actor, driver of change within the industry ", which has made important contributions "in the field of clean and sustainable energy".

Robertson stressed that the issuance of green bonds, designed to "obtain financing for projects of clean energy ", creates" a precedent to follow for the rest of the industry. "

Petroleum Economist is one of the oldest publications in the energy sector specializing in analysis macroeconomic and geopolitical.

Among the jury of the awards, formed by independent experts from all sectors of the international energy industry, was the secretary General of OPEC, Mohammad Sanusi Barkindo, and the head of the Division of the Oil Industry and Markets of the International Energy Agency, Neil Atkinson.

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