Divestment

IEEFA Research

IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

IEEFA Update: IEA, Still Behind the Curve, Nonetheless Indicates Rising Stranded-Asset Risk in Fossil-Fuel Holdings

A Not-So-Distant Future in Which Thermal-Fired Electricity Generation Declines Precipitously

The International Energy Agency, out with its annual energy-markets forecast, “World Energy Outlook 2016,” remains behind the curve but not as far behind as it was. A history of IEA underestimation of technology change has been partially remedied in this new report, but the agency’s solar and wind forecasts can at best be described still […]

November 17, 2016 Read More →
Case for Divesting Coal from the Norwegian Government Pension Fund Global

Case for Divesting Coal from the Norwegian Government Pension Fund Global

Case for Divesting Coal from the Norwegian Government Pension Fund Global By Tom Sanzillo, Director of Finance, Institute for Energy Economics and Financial Analysis View in Norwegian.

Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change

Report – NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change

NYC and NYS pension funds should divest coal stocks: A shrinking industry, weak upside, and wrong on climate change (pdf)

May 8, 2014 Read More →

More News and Commentary

IEEFA Op-Ed: ‘Pension Funds, Sell Your Gas and Oil Stock’

Former Blue-Chip Investments Bear a Greater Resemblance Now to Speculative Holdings

Last month, Norway’s $1 trillion pension fund announced plans to drop oil and gas stocks from its core benchmark stock portfolio. The move was of note because it served as an important acknowledgement by a major institutional investor that such holdings have lost their status as mainstream, blue-chip investments and are now considered speculative. It […]

December 4, 2017 Read More →

Pressure From Institutional Investors for Better Climate-Risk Metrics

SNL: Major asset managers are actively assessing environmental, social and governance risk factors in their portfolios to satisfy the demands of institutional clients, putting momentum behind the adoption of sustainable accounting standards by larger corporate entities. The lingering question behind initiatives to integrate these environmental, social and governance, or ESG, standards in investment portfolios centers […]

December 1, 2017 Read More →

Big Oil, ‘Unloved and On Sale’

Sydney Morning Herald: Big Oil is under pressure, unloved and on sale. Energy giants from Exxon Mobil to Royal Dutch Shell are struggling back to their feet after a three-year oil slump, while also fighting to prove they can survive for decades to come amid an accelerating shift to clean energy. So getting dumped by […]

November 17, 2017 Read More →

In ‘Symbolically Charged Move,’ a Record Faith-Based Fossil-Fuel Divestment by Investors With $5.5 Trillion in Assets

The Guardian: More than 40 Catholic institutions are to announce the largest ever faith-based divestment from fossil fuels, on the anniversary of the death of St Francis of Assisi. The sum involved has not been disclosed but the volume of divesting groups is four times higher than a previous church record, and adds to a […]

October 4, 2017 Read More →

Vanguard, Biggest U.S. Mutual Fund, Will Monitor Climate Risk Across Its Holdings

Reuters: Vanguard Group on Monday said it has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for the investment industry. Under pressure from investors, Vanguard and other fund companies have pushed to pass several high-profile shareholder resolutions on climate risk at […]

August 15, 2017 Read More →

CalPERS Divests From 14 Coal Companies

Pension & Investments: It is the first time CalPERS has disclosed that it has divested coal company holdings. California Gov. Edmund G. “Jerry” Brown Jr. signed into law in October 2015 a bill that requires CalPERS and the $208.7 billion California State Teachers’ Retirement System, West Sacramento, to divest from investments in coal companies by […]

August 9, 2017 Read More →

On the Blogs: A New Database Tracks Companies Heavily Invested in Coal Expansion

Huffington Post: Urgewald, an NGO with a long history of urging the finance industry to divest, has created an in-depth database, coalexit, that lists the top 120 companies that are most responsible for future coal plant development around the world. The database will be a powerful tool for use by climate-focused investors, banks, and insurers […]

July 18, 2017 Read More →

On the Blogs: New Report, ‘Potentially Worth Millions to Investors,’ Calls for Coal Plant Divestment

Kathy Hipple in the Huffington Post: The German-based environmental NGO Urgewald has identified the top companies planning new coal-fired power stations around the globe. Urgewald’s new database exposes companies at the forefront of plans to expand the world’s coal-fired power capacity by nearly 45%. The database will be published on www.coalexit.org and provides information on […]

July 5, 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 →

IEEFA Update: Shareholder Vote on Exxon Mobil’s Climate-Risk Transparency Suggests a Larger Opening

Fiduciaries Who Embrace Their Responsibilities Will Look Beyond Fossil Fuels

A shareholder vote today on a proposal that would require Exxon Mobil to be more open about the climate risks facing the company is an exciting moment in activist-investor history. Mainstream institutional investors are joining with climate activists in a call for more truth in how Exxon Mobil manages—or mismanages—climate risk. Shareholders are asking specifically […]