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Climate change could rain on Saudi Aramco's IPO parade

Tuesday, August 20, 2019, 7:20 PM

Saudi Aramco's biggest asset could also 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. Aramco told Reuters it was ready for a listing and the timing would be decided by the government.