Environmental protection. Social progress. Freedom. The absence of violence and terrorism. These are some of the factors that measure a country’s performance in environmental, social and governance (ESG) indicators.
Among the world’s top oil reserve holders, Canada ranks number one across the board. Which makes it all the more staggering that as prices surge and the world’s energy security crisis deepens, world leaders – including Canada and the United States – are turning to nations other than Canada to increase supply.
Consider OPEC heavyweight Saudi Arabia, where U.S. President Joe Biden is expected to travel next month to ask for more oil production. Saudi Arabia’s ESG performance is substantially lower than Canada’s.
That’s according to rankings derived from three independent global indexes: Yale University’s Environmental Performance Index, the Social Progress Imperative Index, and the World Bank’s Worldwide Governance Indicators.
Click here to compare Canada’s ESG rankings among the world’s top 10 oil reserve holding countries, which also include Venezuela, Iran, Iraq, Russia, Kuwait, United Arab Emirates, United States, and Libya.
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