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

Decision looming for Norway fund’s future oil, gas investments

Reuters: Norway’s trillion-dollar sovereign wealth fund should continue to invest in oil and gas companies, a government-appointed commission recommended on Friday, contradicting earlier advice from the central bank, and boosting the shares of oil firms. A decision on whether to drop energy shares from the fund’s benchmark index, and thus divest tens of billions of […]

August 24, 2018 Read More →

Bank of the West moves forward with fossil divestment plans

Denver Post/Associated Press: Bank of the West’s decision to divest from certain fossil fuel investments has run headlong into threats of retaliation in Colorado, Wyoming and other states that rely heavily on coal, oil and natural gas extraction for revenues. The San Francisco-based bank recently made it known that it would be “investing where we […]

August 13, 2018 Read More →

Time to divest from fossil fuels?

Pension Pulse blog: A paper published 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 with risk and […]

July 18, 2018 Read More →

Ireland to divest fossil fuel investments

The Guardian: The Republic of Ireland will become the world’s first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of parliament. The state’s €8bn national investment fund will be required to sell all investments in coal, oil, gas and peat “as […]

July 13, 2018 Read More →

Norway sovereign funds dumps coal-heavy PacifiCorp bonds

S&P Global Market Intelligence ($): Norway’s central bank, which manages the country’s $1 trillion sovereign wealth fund, has sold its holdings of bonds issued by PacifiCorp, a U.S. utility owned by Warren Buffett, in its latest round of ethical and environmental divestitures. Norges Bank said it has excluded PacifiCorp from the portfolio of the Government […]

July 11, 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 […]

Church of England to divest from companies fighting Paris climate accord

Bloomberg: The Church of England took another step in prodding companies to adopt a green strategy, saying its 12 billion pounds ($16 billion) in funds will divest those that aren’t aligning themselves with the Paris Agreement on climate change. The church’s governing General Synod passed a motion proposed by Canon Giles Goddard of its environmental […]

July 10, 2018 Read More →

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
and

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 →