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 […]

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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.

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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)

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More News and Commentary

Dutch Bank Divests From Dakota Access Pipeline

Oil and Gas Investor: Dutch bank ING Group said it has agreed to sell its $120 million share of the loan for the Dakota Access Pipeline, the first bank to offload its debt from the project, which faced fierce opposition from Native Americans and environmental groups. The announcement came one month after ING’s head of […]

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$5.1 Trillion BlackRock, World’s Biggest Money Manager, Will Begin to Weigh Climate Risk on Its Holdings

E&E: The deep-pocketed investment firm BlackRock Inc. today announced a series of steps to address the financial risks of climate change, decisions that could send shock waves throughout the private sector. Studying the disclosure of climate change risks, including physical risks like rising waters and government policies to cap greenhouse gas emissions, will be one […]

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Columbia University Divests From Coal

Columbia.edu: Building on Columbia’s longstanding commitment to addressing climate change, the University’s Trustees have voted to support a recommendation from the Advisory Committee on Socially Responsible Investing (ACSRI) to divest from companies deriving more than 35% of their revenue from thermal coal production and to participate in the Carbon Disclosure Project’s Climate Change Program. Thermal […]

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Norway’s Pension Fund Considers Divesting From Firms Facing Climate Risk

Reuters: The ethics watchdog for Norway’s $900-billion sovereign wealth fund will recommend this year that the fund exclude or put on a watch list several firms in the oil, cement and steel industries for emitting too much greenhouse gas. Carbon emissions are a new criteria for the fund, which was built up from the proceeds […]

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On the Blogs: Call for NYC Pension Funds Divestment

From CommonDreams.org: Over 100 New Yorkers rallied at Comptroller Scott Stringer’s office, delivering a divestment valentine with thousands of petition signatures urging the City’s pension funds to divest coal, oil and gas holdings. Mayor De Blasio expressed public support for a Seattle-like divestment of the City’s pension funds, cutting ties with the banks financing the […]

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Norway Pension Fund Expands Coal-Industry Divestment

Rachel Fixsen for Investment & Pensions Europe: The Norwegian Government Pension Fund Global (GPFG), the country’s NOK7.5trn (€830bn) sovereign wealth fund, has decided to exclude another 15 companies from its investments because of their coal business, bringing the total number it has shut out to 59. The exclusions follow Norges Bank Investment Management’s second round […]

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Report: Funds Worth $5 Trillion Are Divesting From Fossil Fuels

John Schwartz for the New York Times: Investors controlling more than $5 trillion in assets have committed to dropping some or all fossil fuel stocks from their portfolios, according to a new report tracking the trend. The report, released Monday, said the new total was twice the amount measured 15 months ago — a remarkable […]

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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 […]

Read More →
IEEFA Exxon: A Company in Need of More Accountability at the Top

IEEFA Exxon: A Company in Need of More Accountability at the Top

As Directors Ponder CEO's Successor, Will They Seek a Much-Needed Change in Meeting Performance Standards?

ExxonMobil has been reducing its cash returns to investors over the past few years, a trend we highlighted in our report last week, “Red Flags on Exxon Mobil,” but has still paid out far more to investors than standard financial metrics would support.  Indeed, all indicators, including the company’s recent announcement that it will likely de-book […]

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Exxon Widens Its Fight Against Climate-Change Disclosures

David Hasemyer for InsideClimate News: Attorneys for ExxonMobil have revealed a plan to ratchet up pressure on state attorneys general who have vowed to hold Exxon and fossil fuel companies accountable for their conduct on climate change. Exxon attorney Theodore Wells told a New York judge that the company is working on deposing at least […]

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