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Stock impact report

Sasol's Gas Supply and Volatile Oil Raise Sustainability Risks [Financial Post (Toronto, Ontario, Canada)]

Sasol Ltd. American Depositary Shares (SSL) 
US:NYSE Investor Relations: sasol.com/investor-centre/overview
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Sasol Ltd.'s declining gas reserves and its susceptibility to volatile oil prices is drawing scrutiny over the sustainability of the business and its plans to reduce emissions. The South African fuel and chemical maker primarily uses coal in a synthetic production process at its Secunda operations — the world's largest single-point emitter of greenhouse gas. It plans to lower emissions 30% by 2030, which hinges on replacing some of the dirtiest fossil fuel with more gas, but Sasol's fields in Mozambique are in decline. “Sasol has very limited capacity to undertake the business, economic and technical transformations needed to align Secunda with a future highly carbon constrained world,” according to researchers at the Trade & Industrial Policy Strategies, a non-profit economic research institution. “Without significant fixed cost reductions Secu Show less Read more
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