Divestment

IEEFA Research

IEEFA report: Benefits to Engie from closing three German coal-fired power plants would outweigh any gains from selling them

IEEFA report: Benefits to Engie from closing three German coal-fired power plants would outweigh any gains from selling them

Shutdown would be in line with corporate responsibility commitments, prevent rivals from gaining market share, and signal that utility giant “is part of the solution” to Germany's coal phase-out plans

Sept 4, 2018 (IEEFA) — The French multinational energy company Engie would be better off closing its three coal-fired plants in Germany than selling them, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The authors of the report see Engie best protecting its position in the German electricity […]

September 4, 2018 Read More →

IEEFA report: Fund trustees face growing fiduciary pressure to divest from fossil fuels

Oil, gas, and coal industries are seen as ‘increasingly speculative;’ Sector will continue to be weighed down by lackluster rewards and daunting risks; A ‘proper financial response’ is due

July 10, 2018 (IEEFA) — A paper published today by the Institute for Energy Economics and Financial Analysis details the growing rationale for divesting from the fossil fuel industry. The paper—“The Financial Case for Fossil Fuel Divestment”—is aimed primarily at trustees of investment funds that continue to hold stakes in a sector that is freighted […]

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

Norwegian wealth fund continues long-term push for sustainable investments

Financial Times ($): It is not perhaps the most obvious idea for an investor that derives all its inflows from oil and gas revenues to prioritise sustainability. But Norway’s $1tn oil fund has been different from the beginning. One of the few sovereign wealth funds in a democracy, the Norwegian fund has put ethical issues […]

December 6, 2018 Read More →

Study: U.S., U.K. insurers lagging in coal divestment efforts

The Guardian: UK and US insurers are lagging far behind European firms when it comes to divesting from coal-heavy businesses and refusing to insure them, campaigners have warned. At least 19 major insurers holding more than $6tn in assets – a fifth of the industry’s global assets – have now divested from coal, according to […]

December 4, 2018 Read More →
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IEEFA Update: Oil and gas industry caught in a capex conundrum

Invest in the future or return cash to shareholders?

The oil and gas industry confronts a host of challenges that would have been inconceivable a decade ago: weak cash flows, meager profits, slumping stock values, volatile revenues, unreliable demand growth, and rising competition from renewables, to name just a few. The industry now faces a quandary. Should companies continue to invest in new drilling […]

Mitsui considering sale of Australia coal mine stake

ET Economic World: Japanese trading firm Mitsui & Co Ltd may sell its stake in an Australia thermal coal mine in the face of growing pressure to divest coal assets amid mounting concerns over climate change, its chief executive officer said on Wednesday. “We’ve made it clear that we won’t invest in new thermal coal […]

November 5, 2018 Read More →

IEEFA op-ed: Colorado’s pension fund shouldn’t bank on the future of oil and gas

Past performance is no guarantee of future success

By adopting a fossil-free portfolio strategy as has been urged, the Public Employees Retirement Association of Colorado would be doing right by its 560,000 members, ensuring steadier investment returns as the oil and gas industry faces continued uncertainty and decline. In a paper commissioned by the Independent Petroleum Association of America, an anti-divestment consultant and […]

September 18, 2018 Read More →

HSBC: Investors see money to be made in green portfolios

Bloomberg: Make money first, save the planet second. Those are the reasons for most investors to get into green finance, according to HSBC Holdings Plc. Financial returns were cited as the biggest reason to have a strategy focused on the environment, social issues and governance, known as ESG, according to a survey of 868 institutional […]

September 13, 2018 Read More →
IEEFA update: Six real-world rebuttals to divestment naysayers
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IEEFA update: Six real-world rebuttals to divestment naysayers

A tendency among academics to overlook the burgeoning risk in fossil fuel holdings

Academic arguments against divesting from the oil and gas sector are just that—academic—and those who make them ignore the underperformance of the sector and the array of mounting risks it faces. The principal objections of divestment detractors—that divestment will either cause institutional investment funds to lose money or undermine their ability to meet their objectives—are […]

and September 12, 2018 Read More →

Report: Divestment campaigns gaining steam

The Guardian: The funds committed to fossil fuel divestment now total more than $6tn (£4.6tn), with almost 1,000 institutional investors having made the pledge, according to a new report. The sell-off of coal, oil and gas investments is led by the insurance industry, with $3tn of funds. But it also now includes the first nation […]

September 11, 2018 Read More →
IEEFA report: Benefits to Engie from closing three German coal-fired power plants would outweigh any gains from selling them

IEEFA report: Benefits to Engie from closing three German coal-fired power plants would outweigh any gains from selling them

Shutdown would be in line with corporate responsibility commitments, prevent rivals from gaining market share, and signal that utility giant “is part of the solution” to Germany's coal phase-out plans

Sept 4, 2018 (IEEFA) — The French multinational energy company Engie would be better off closing its three coal-fired plants in Germany than selling them, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The authors of the report see Engie best protecting its position in the German electricity […]

September 4, 2018 Read More →
IEEFA update: Divestment 101
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IEEFA update: Divestment 101

A 10-point FAQ primer on a new mindset around energy sector holdings

The fast-moving evolution of the energy sector is changing investor minds and altering capital market flows. This shift raises as many questions about where things are going as it does about the status quo. A report we published earlier this summer—“The Financial Case for Fossil Fuel Divestment”—takes a stab at addressing the topic practically and […]