S&P warns Exxon, Chevron and other oil firms it may cut their credit ratings
Markets Insider reports: S&P Global Ratings has put some of the biggest oil companies in the world on notice that it could soon downgrade their credit ratings thanks to heightened concerns about climate change and a global push towards greener energy. The agency – one of the three most influential ratings firms in the world – said it could downgrade the ratings of Chevron, Exxon, Shell and Total among others. It downgraded the outlook, although not the rating, for both…