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

Commentary: Stock analysis shows fossil fuel divestment will not undercut fund performance

Grantham Foundation: I have met more investment committees than I care to think about. Perhaps a couple of thousand. There is a no more conservative group on the planet than an investment committee. You could be forgiven for thinking that if you cough at an investment committee they will think they are ruined! So if […]

June 20, 2018 Read More →
IEEFA update: Fund managers who acquiesce to ExxonMobil’s climate-risk denial do their investors a disservice
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IEEFA update: Fund managers who acquiesce to ExxonMobil’s climate-risk denial do their investors a disservice

New York state comptroller Thomas P. DiNapoli drops the ball

It was a failure of epic proportions when, after demanding but not getting action last year, most shareholders voted to re-elect ExxonMobil’s board of directors on May 30, abdicating their duty to hold the company to account. Sixty-two percent of shareholders in 2017 supported a resolution calling for ExxonMobil to improve its climate risk disclosures. […]

Pope urges oil industry to embrace transition

Associated Press: Pope Francis told leading oil executives Saturday that the transition to less-polluting energy sources “is a challenge of epochal proportions” and warned that satisfying the world’s energy needs “must not destroy civilization.” The Vatican said Francis held a two-day conference with the executives as a follow-up to his encyclical three years ago that […]

June 11, 2018 Read More →

Fossil Fuel Divestment Takes Hold in Japan

NBC News: Buddhist priest Tomonobu Narita admits he hadn’t thought much about energy policy until the Fukushima nuclear meltdown forced tens of thousands of people to flee their homes in 2011. Now he’s at the forefront of a budding movement in Japan to withdraw money from banks that provide finance for environmentally harmful energy projects. […]

May 30, 2018 Read More →
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IEEFA Update: As ExxonMobil Doubles Down on Oil and Gas, Investors Go Elsewhere

A Company With No Plan for a Less Carbon-Intensive World

Even with the recent rebound in oil prices that accelerated after President Trump announced the U.S. would re-impose sanctions against Iran, energy companies no longer dominate the stock market like they once did. In 1980, seven of the ten largest companies in the S&P 500 were oil companies. Today, ExxonMobil is the only remaining oil […]

HSBC Says No to Financing New Coal Plants

Business Green: HSBC, the biggest bank in Europe, has today announced it will stop financing coal-fired power stations, oil sands and Arctic offshore drilling projects in a move to support the low-carbon economy. Announced ahead of the bank’s annual meeting today, the decision is likely an attempt to ease pressure from activist investors keen to see […]

April 20, 2018 Read More →

Citing Rising Risk, $67 Billion California Pension Fund Will Sell Fossil Fuel Holdings

Pension & Investments: Chief Investment Officer Jagdeep Singh Bachher, speaking at the March 13 investment subcommittee meeting in Los Angeles, said that in the long term, the $66.6 billion pension fund and $11.5 billion endowment are going to move out of fossil fuel investments. “The traditional approach, not only with us but other investors, was […]

April 4, 2018 Read More →

IEEFA Update: The Divestment Movement Gains Steam

A Fast-Growing Issue, Especially for the Coal Sector

Fossil fuel divestment took center stage during a good part of IEEFA’s annual conference last week in New York, with experts and government officials weighing in in detail on the burgeoning movement. Among them: Representatives from both the city and the state of New York, which operate some of the biggest pension funds in the […]

March 19, 2018 Read More →

Norwegian Wealth Fund Considers Further Emissions-Related Divestments

Reuters: The ethics watchdog for Norway’s $1-trillion sovereign wealth may blacklist more companies that produce too much greenhouse gas by scrutinizing more industry sectors, including shipping and power. Carbon emissions became a criteria for exclusion from the fund in 2016 and last year the watchdog recommended that “a small handful” of firms be excluded from […]

March 8, 2018 Read More →

IEEFA Op-Ed: The Time to Reason With Oil Majors Has Passed

‘Shareholder Engagement’ Looks More and More Like a Cynical Ritual That Values Talk Above Action

When French insurance group Axa announced it was selling its coal assets in 2015, the question emerged whether rivals including Allianz, Aviva, Zurich and others would divest too. Some did, and some did not. A broader question also surfaced: would public and private investors now look to sell down all their investments related to fossil […]

March 8, 2018 Read More →