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

NYC Pension Funds To Divest Fossil Investments

AP: New York City officials are citing climate change as their motivation to join a growing number of investors ridding themselves of financial interest in fossil fuels. Democratic Mayor Bill de Blasio and Comptroller Scott Stringer are set to announce plans on Wednesday to divest the city’s five pension funds of roughly $5 billion in […]

January 10, 2018 Read More →

IEEFA Op-Ed: Cuomo Is Right on Fossil Fuel Divestment

Oil Stocks are Not the Reliable Performers They Used to Be; Divestment Would Improve Pension Fund Portfolios

Gov. Andrew Cuomo has taken a big, bold step in the fight against global warming, calling for the state pension fund to divest from oil and gas stocks. It’s also a fiscally prudent step, protecting both the state pension fund and the state budget. Retirees needing financial security, young people facing a chaotic climate, and […]

January 4, 2018 Read More →

Dutch Banking Giant ING Will End Most Coal-Related Financing

Reuters: ING by the end of 2025 will stop funding any utility company which relies on coal for more than 5 percent of its energy, the Dutch bank said on Tuesday. It will, however, continue to help companies with renewable energy projects and also support new clients whose reliance on coal is less than 10 […]

December 13, 2017 Read More →

World Bank to Discontinue Support for Oil and Gas Projects

National Observer (Canada): The World Bank has confirmed that it will stop financing upstream oil and gas projects after 2019 except under exceptional circumstances in the world’s poorest countries. The global financial institution made the announcement at climate summit in Paris on Tuesday, which took place roughly two years after the historic COP21 climate conference […]

December 13, 2017 Read More →

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 →