Climate Risk

IEEFA Research

IEEFA Investor Memo ExxonMobil (XOM): Company Is an ‘Outlier’ in How It Reports Write-offs on Canadian Oil Sands Assets

Loss Accounting ‘Largely Overlooked by Industry Analysts;’ Full Transparency Could Affect Balance Sheet by $22 Billion

April 17, 2017  ( – The Institute for Energy Economics and Financial Analysis (IEEFA) today published an investor memo questioning whether ExxonMobil has appropriately accounted for its recent write-off of billions of barrels of Canadian oil sands assets. In “ExxonMobil Investment Note,” IEEFA outlines how ExxonMobil remains the exception in the oil industry in its […]

April 17, 2017 Read More →

More News and Commentary

IEEFA Europe: A blacklist of 120 coal plant developers for investors seeking to lower climate risk

Financial peril across an industry’s entire supply chain is intensifying

Even as risks mount for coal worldwide, nearly 1,400 new coal plants or units are planned or under development in 59 countries. If built, these plants would increase coal power capacity by 33%, adding more than 670,000 megawatts to the global coal plant fleet. Who exactly is developing these new coal plants?  German environmental NGO […]

October 12, 2018 Read More →

Coal’s end may be on the horizon

Bloomberg: Should we just give up now? The world’s electrical utilities need to reduce coal consumption by at least 60 percent over the two decades through 2030 to avoid the worst effects of climate change that could occur with more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) of warming, the Intergovernmental Panel on Climate Change […]

October 10, 2018 Read More →

Investors push new CEO of GE to back renewables, storage

Washington Examiner: A group of environmentally focused investors and hedge fund managers is prodding General Electric’s new CEO Lawrence Culp to stave off further losses to the company’s earnings by shifting the manufacturing giant’s focus toward wind and solar energy. “As GE’s new CEO, you must make many difficult decisions,” reads a letter sent Friday […]

October 5, 2018 Read More →

Solar and wind show resilience in face of hurricanes

CBS: Nearly two weeks after Hurricane Florence swamped North and South Carolina, thousands of residents who get power from coal-fired utilities remain without electricity. Yet solar installations, which provide less than 5 percent of North Carolina’s energy, were up and running the day after the storm, according to electricity news outlet GTM. And while half […]

September 26, 2018 Read More →
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IEEFA update: Whether prices are high or low, the oil and gas industry is freighted with risk

As technology advances, fossil fuels are expensive at any price

Over the past few years, the rationale for investment in fossil fuels has changed from being one supported by blue-chip, long-term value into a more speculative, volatile proposition driven by quarterly dividends. As a result, the direction of oil prices is increasingly relevant, having become the lens through which investment is assessed, and revenue and […]

U.K.’s Standard Chartered to end coal plant financing

Bloomberg: Standard Chartered Plc said it will stop financing new coal-fired power plants anywhere in the world as part of its commitment to supporting the Paris Agreement on climate change. The move follows “detailed consultation with a range of stakeholders,” according to a statement Tuesday from the London-based bank. Environmental degradation, extreme weather and rising […]

September 25, 2018 Read More →

ING expands commitment to green banking ING has revealed that it will work with the companies covered by its £456m ($600bn) green investment portfolio to help align their respective sustainability strategies with the aims of the Paris Agreement. The Dutch banking giant announced that it will steer its portfolio towards a 2C trajectory using a new set of metrics called […]

September 18, 2018 Read More →

New York City doubles renewable energy investment

Associated Press: New York City plans to double the share of its pension fund invested in renewable energy, energy efficiency and other industries that aim to combat global warming. Mayor Bill de Blasio and city Comptroller Scott Stringer announced the new goal Thursday. Now, about $2 billion of the city’s $195 billion in pension funds […]

September 14, 2018 Read More →

HSBC: Investors see money to be made in green portfolios

Bloomberg: Make money first, save the planet second. Those are the reasons for most investors to get into green finance, according to HSBC Holdings Plc. Financial returns were cited as the biggest reason to have a strategy focused on the environment, social issues and governance, known as ESG, according to a survey of 868 institutional […]

September 13, 2018 Read More →

Report: Divestment campaigns gaining steam

The Guardian: The funds committed to fossil fuel divestment now total more than $6tn (£4.6tn), with almost 1,000 institutional investors having made the pledge, according to a new report. The sell-off of coal, oil and gas investments is led by the insurance industry, with $3tn of funds. But it also now includes the first nation […]

September 11, 2018 Read More →