What's wrong with write downs? Nothing, according to S&P

WRITEDOWNS and production cuts are not the threats they seem to industry, but rather short term travails while the real issues of policy, social acceptance and ESG management lurk around the corner, post-pandemic along with longer term issues of renewable energy investment. 

What's wrong with write downs? Nothing, according to S&P What's wrong with write downs? Nothing, according to S&P What's wrong with write downs? Nothing, according to S&P What's wrong with write downs? Nothing, according to S&P What's wrong with write downs? Nothing, according to S&P

Writedowns are just another part of the cycle but longer term structural issues key: S&P

S&P Global says it sees "write-downs of oil and gas assets as another step along the energy transition road, but not necessarily a trigger for rating actions, not least because oil and gas will