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

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 →

On the Blogs: A New Database Tracks Companies Heavily Invested in Coal Expansion

Huffington Post: Urgewald, an NGO with a long history of urging the finance industry to divest, has created an in-depth database, coalexit, that lists the top 120 companies that are most responsible for future coal plant development around the world. The database will be a powerful tool for use by climate-focused investors, banks, and insurers […]

July 18, 2017 Read More →

On the Blogs: New Report, ‘Potentially Worth Millions to Investors,’ Calls for Coal Plant Divestment

Kathy Hipple in the Huffington Post: The German-based environmental NGO Urgewald has identified the top companies planning new coal-fired power stations around the globe. Urgewald’s new database exposes companies at the forefront of plans to expand the world’s coal-fired power capacity by nearly 45%. The database will be published on www.coalexit.org and provides information on […]

July 5, 2017 Read More →

Shareholders in ‘Major Rebuke’ to Exxon on Its Climate-Risk Obfuscation

Wall Street Journal: Exxon Mobil Corp. shareholders delivered a major rebuke to the oil giant Wednesday, calling for the company to share more information about how climate change and regulations could impact its operations. The climate proposal won the support of 62% of shareholders who cast ballots at Exxon’s annual meeting, a powerful symbol that […]

June 1, 2017 Read More →

IEEFA Update: Shareholder Vote on Exxon Mobil’s Climate-Risk Transparency Suggests a Larger Opening

Fiduciaries Who Embrace Their Responsibilities Will Look Beyond Fossil Fuels

A shareholder vote today on a proposal that would require Exxon Mobil to be more open about the climate risks facing the company is an exciting moment in activist-investor history. Mainstream institutional investors are joining with climate activists in a call for more truth in how Exxon Mobil manages—or mismanages—climate risk. Shareholders are asking specifically […]

Warning on Shareholder Blowback Around BP’s and Glencore’s Bullish Assertions

Financial Times: BP and Glencore are exposed to investor lawsuits by making “bullish” forecasts about the world’s future hunger for fossil fuels, a prominent environmental law firm has warned. In a sign of the rising financial pressure environmental campaigners are applying to big energy companies, ClientEarth, a London legal firm, has written to BP claiming […]

May 22, 2017 Read More →

Report: The Biggest Investors in Coal?

SNL: A new report from InfluenceMap, a U.K.-based nonprofit that tracks climate and energy policy lobbying, shows the movement to divest from coal assets is still gaining steam. The study notes that while asset managers and owners representing over $5 trillion in value have made some kind of divestment pledge by the end of 2016, […]

May 22, 2017 Read More →

For U.S. Pipeline Companies, Finance Risk in Public Opposition

Associated Press: Opposition to the Dakota Access oil pipeline has persuaded some banks to stop supporting projects that might harm the environment or tread on indigenous rights, but calling the divest movement a success might be a stretch. It doesn’t appear to be hurting the ability of energy companies to get financing and it doesn’t […]

May 15, 2017 Read More →

Keystone Exec See Less Demand for Long-Delayed Project

SNL: Even with the presidential permit he worked almost eight years to secure in hand, TransCanada Corp. CEO Russ Girling said his company’s Keystone XL pipeline still has to clear a number of hurdles before it becomes a reality. Routing the line through Nebraska and renewing shipper support are just two potential pitfalls for the […]

May 8, 2017 Read More →