Canadian oil companies woo ESG investors with self-imposed penalties if they don't meet sustainabili

CALGARY — Canadian oil sector companies are willing to pay more interest on their debts in exchange for more environmental, social and governance credit from investors. In a first for the North American energy industry, midstream company Gibson Energy Inc. announced a sustainability-linked credit facility with BMO Financial Group on April 19, in another sign that oil-sector companies are trying to woo ESG-focused...