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  (IEEFA.org) – 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 Energy-Swamp Watch: Discord Within the Fossil-Fuel Industry Over What to Do Now

Wrangling, and Uncertainty, Over the Paris Agreement on Climate Change

The Washington Energy Swamp is becoming a quagmire as arguments bubble up among coal, oil, and gas interests about whether the U.S. should withdraw from the Paris Agreement on Climate Change. With the Trump administration in power, the fossil-fuel industry now has the keys to the kingdom. Yet its giants appear confused and in disarray. […]

BlackRock and Vanguard Consider Pressing Exxon to Disclose Climate Risk

Wall Street Journal: BlackRock Inc. and Vanguard Group are weighing a vote in favor of an investor proposal that would seek to pressure the oil giant to conduct a climate “stress test” to measure how regulations to reduce greenhouse gases and new energy technologies could impact the value of its oil assets, the people said. […]

May 25, 2017 Read More →

On the Blogs: The High Cost of Old Energy Policy

TheHill.com: The economic risks of ignoring the emerging global market for clean energy are real. By abdicating its leadership role on global climate change and backing away from policies that support the Paris Climate Pledge, the Trump administration is — perhaps unwittingly — removing incentives for American companies to compete and innovate at the forefront […]

May 23, 2017 Read More →

On the Blogs: New EU Emissions Law Spells Closure or Retrofit for 108 Coal-Fired Plants

Euractiv.com: Stricter European Union pollutant limits could lead to costly upgrades or the closure of one third of Europe’s large-scale coal power plant capacity, a new report showed today (8 May). On April 28, EU member states approved stricter limits on pollutants such as sulphur oxides (SOx) and nitrogen oxides (NOx) from large combustion plants […]

May 9, 2017 Read More →

Op-Ed: Post-Coal Transition Cannot Wait for Washington

Washington Post: Putting coal miners back to work is no more possible from a business standpoint than putting telegraph operators back to work taking Morse code or putting Eastman Kodak employees back to work manufacturing film rolls. Politicians who ignore these market realities and make promises to coal communities they can’t keep are engaged in […]

May 3, 2017 Read More →

IEEFA Extra: China Is Winning the Energy-Security Race

The U.S. Lags the World as It Aims Now to ‘Prop Up Dying Industries of the Past'

[This is an excerpt of a Q&A with IEEFA’s Tim Buckley published this week by Cipher Brief, a global security publication.] The Cipher Brief: With the U.S. and China as examples, how significant is the role of government in fostering investment and development of clean energy? Tim Buckley: The government role is critical to fostering […]

IEEFA Asia: Japan’s $1.3 Trillion Pension Fund Approaches a Climate-Risk Crossroads

An Imminent Decision on How a New Mandate at GPIF Will Be Managed

When the world’s largest pension fund issued a call last summer for guidance on how best to increase its holdings in socially-responsible companies, it was news—and rightly so. The Government Pension Investment Fund (GPIF) of Japan, which manages US$1.3 trillion in assets, wields major market influence both at home and abroad. In announcing the program […]

Global Pension Funds Move Into Indian Solar Sector

Reuters: Some of the world’s biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India’s solar power sector, where Prime Minister Narendra Modi is targeting $100 billion in investment in the next five years. Power demand in Asia’s third-largest economy is set to surge as the economy grows and more […]

May 1, 2017 Read More →

Pension Fund Divestiture Grows

Financial Times: The London schemes join a small but growing number of pension funds across the world that have decided to fully or partially divest from companies that generate revenues from oil, gas and coal. Their withdrawal from these sectors comes as concerns mount that carbon-intensive businesses could incur significant financial losses as governments attempt […]

April 28, 2017 Read More →

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  (IEEFA.org) – 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 →