Report: Saudi Aramco selects advisers for its IPO revival

• Saudi officials have said they're looking to hold the IPO in 2020 or 2021 after shelving what had been plans for an offering in the 2018 timeframe.
• "Saudi Aramco has picked Lazard Ltd. and Moelis & Co. to advise on the oil giant's second attempt at the world’s largest initial public offering," they report, citing unnamed people with knowledge of the matter.

But, but, but: All kinds of questions remain about the plans first announced in 2016, including the listing venue and Aramco's ability to hit anything close to their hoped-for $2 trillion valuation.

Meanwhile, Reuters has an interesting new piece this morning about how global warming could create hurdles for Saudi Aramco's plan to list 5% of the company, which the kingdom hopes will bring in up to $100 billion.

The big picture: "[S]ome investors and lawyers say the window to execute a sale at a juicy price is shrinking and Aramco will need to explain to prospective shareholders how it plans to profit in a lower-carbon world," they report.

The intrigue: The Saudis argue that their oil is well-positioned even in an increasingly carbon-conscious world because their emissions per extracted barrel are lower than other big producers.

Go deeper: Saudi Arabia touts its crude oil CO2 edge