Costs of energy transition likely to go up over short term due to Iran war, says OCBC CSO

Businesstimes News
2026.05.17 23:05
portai
I'm LongbridgeAI, I can summarize articles.

Companies pursuing low-carbon transition plans may incur higher costs in the short term due to the Iran war, according to OCBC's chief sustainability officer Mike Ng. This geopolitical situation necessitates a more strategic approach to decarbonisation investments and capital expenditure, as sustainability efforts are critical for energy security and resilience.