Divestment

IEEFA Research

IEEFA report: Financial case builds for fossil fuel divestment

IEEFA report: Financial case builds for fossil fuel divestment

Money managers need to recognize poor market performance

The financial case for investing in fossil fuels is losing ground as the powerful oil and gas industry continues its steady decline, according to the Institute for Energy Economics and Financial Analysis (IEEFA). In a briefing note released Feb. 6, Fossil Fuel Investments: Looking Backwards May Prove Costly to Investors in Today’s Market, IEEFA analysts […]

February 8, 2019 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 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

IEEFA Japan: ITOCHU Corporation announces coal exit

IEEFA Japan: ITOCHU Corporation announces coal exit

Leading financial institutions setting divestment trend

Feb 15, 2019 (IEEFA Japan): ITOCHU of Japan has announced it is exiting from developing new coal-fired power plants as well as thermal coal mines to address the impact of climate change, and will continue to divest its existing thermal coal mine investments in Australia and Indonesia. IEEFA sees this as a major policy pivot […]

February 15, 2019 Read More →
IEEFA report: Financial case builds for fossil fuel divestment

IEEFA report: Financial case builds for fossil fuel divestment

Money managers need to recognize poor market performance

The financial case for investing in fossil fuels is losing ground as the powerful oil and gas industry continues its steady decline, according to the Institute for Energy Economics and Financial Analysis (IEEFA). In a briefing note released Feb. 6, Fossil Fuel Investments: Looking Backwards May Prove Costly to Investors in Today’s Market, IEEFA analysts […]

February 8, 2019 Read More →

Middlebury College votes to divest from fossil fuels

Burlington Free Press: Middlebury College announced on Tuesday that it would divest its endowment from fossil fuels, responding to years of pressure by students and professors and joining the growing list of colleges and universities that have taken the step as a means of combating climate change. Last April, the college’s student government sponsored a […]

January 30, 2019 Read More →

Black Rock to launch environmentally friendly money market fund

Reuters: BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for “socially responsible” investments, a filing with U.S. market regulators showed on Tuesday. The world’s largest fund manager told the U.S. Securities and Exchange Commission that it wants to launch a money-market fund […]

January 23, 2019 Read More →

Analysis finds ‘verdant’ MacArthur Foundation still invests in fossil fuels

Nonprofit Chronicles: Eighteen months ago, the people who manage the endowment at the John D. and Catherine T. MacArthur Foundation got some bad news: Investments they had made in funds managed by EnerVest, a Houston-based private equity firm that operates more than 33,000 oil and gas wells across the US, had plummeted in value to […]

January 17, 2019 Read More →

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 →