While Germany is trying to build up hydrogen partnership with Russia, and while Russia is pushing for stronger measures to protect climate and environment, the country’s oil and gas industry faces accidents with serious environmental impact on a regular basis. The oil and gas business, which has been notoriously non-transparent for decades, can now be seen a little more open to the public. This is what the studies held by WWF Russia and Creon Group say. Creon, the investment and advisory company, sees a growing transparency trend in the oil and gas connected with the decarbonisation efforts of the EU.

The World Wildlife Fund (WWF-Russia) and Creon Group presented the results of the 2020 Environmental Transparency Rating of Oil and Gas Companies. This year numerous accidents and spills caught much attention. At the same time, environmental transparency of business increased, while the final calculation saw the top three leaders changed. The rating report is being conducted with the support of the European Union.

On December 4, 2020 at 12.00 at the ITAR TASS press center, the results of the " Environmental Transparency Rating of Eurasian oil and gas companies 2020" will be presented. The event will also host an online round table "Energy Transition - Eurasian Context" dedicated to the challenges of decarbonization for the oil and gas industry in Russia, Europe and Asia.