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

In Echo of 1990s Tobacco Industry Litigation, California Governments Sue Oil and Coal Companies

San Francisco Chronicle: Two Bay Area counties and a Southern California city concerned about rising sea levels sued 37 of the world’s biggest oil and coal companies Monday, claiming the fossil fuel giants should pay for damages wrought by climate change—a first-of-its-kind challenge that some liken to the high-stakes litigation of the tobacco industry in […]

July 18, 2017 Read More →

G20 Group Calls for Companies to Disclose Climate Risk

Reuters: A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. There are concerns in the financial community that assets are being mispriced because the full extent […]

June 29, 2017 Read More →

Trump Administration Closes Office Specializing in Global Clean-Tech Expertise

New York Times: The Energy Department is closing an office that works with other countries to develop clean energy technology, another sign of the Trump administration’s retreat on climate-related activities after its withdrawal from the Paris agreement this month. The 11 staff members of the Office of International Climate and Technology were told this month […]

June 16, 2017 Read More →

IEEFA Update: Climate Risk, the Oil Industry, ExxonMobil, Rex Tillerson …

The Energy-Policy Story Is Snowballing

President Trump’s flamboyant withdrawal from the Paris Agreement dealt a reputational and economic blow to the U.S., where energy policy is becoming a bigger story than ever. A major but not entirely unrelated subplot is emerging out of an angry-shareholder vote demanding  that ExxonMobil, the biggest oil company in the world, show more accountability in how it […]

Two Republican Governors Join Climate-Risk Coalition

Associated Press: The governors of four New England states — including two Republicans — are joining a bipartisan coalition of states committed to meeting the goals of the Paris Climate Agreement. The move comes a day after Donald Trum announced he is withdrawing the United States from the agreement, a pact involving nearly 200 nations aimed […]

June 5, 2017 Read More →

‘A Gift to China’

AFP: The US exit from the Paris climate pact is a gift to China’s ambitions to become world leader on everything from trade to global warming, despite its own mixed record. Beijing appeared well aware of the opening that it was given as it vowed to uphold the deal to cut carbon emissions after President […]

June 2, 2017 Read More →

Shareholders in ‘Major Rebuke’ to Exxon on Its Climate-Risk Obfuscation

Wall Street Journal: Exxon Mobil Corp. shareholders delivered a major rebuke to the oil giant Wednesday, calling for the company to share more information about how climate change and regulations could impact its operations. The climate proposal won the support of 62% of shareholders who cast ballots at Exxon’s annual meeting, a powerful symbol that […]

June 1, 2017 Read More →

Even in Coal State, ‘the Climate-Change Pact Is More Popular Than Trump’

McClatchy: The Paris climate change agreement is more popular than not only President Donald Trump but also the 21 Republican senators who’ve pushed him to withdraw from it. A majority of Americans in every state support the U.S. remaining part of the 2015 treaty, according to the Yale Program on Climate Change Communication, including fossil-fuel-producing […]

June 1, 2017 Read More →

What the Demise of Oil Looks Like

Bloomberg News: The International Energy Agency sees oil demand rising more than 10 percent, to 103.5 million barrels a day by 2040, while companies predict even faster growth. But forecasters don’t always anticipate seismic shifts in technology and policy that could slow demand growth, or even eliminate it altogether in some parts of the economy. […]

May 31, 2017 Read More →

In China, the Climate Deniers Go Silent

Foreign Policy Magazine: After 2011, no more climate skeptic books were published. China’s state leaders stopped their skeptical statements, and the intense online discussions diminished. Just as it was gaining steam, the conspiracy theory seemed to disappear. And along with it, any public mention of climate change denial. As climate skeptics were gaining a steady […]

May 31, 2017 Read More →